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H&M July sales beat forecast

Published 17/08/2015, 07:09
© Reuters. The logo for an H&M (Hennes & Mauritz) store is pictured in London
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STOCKHOLM (Reuters) - Hennes & Mauritz (ST:HMb), the world's second-biggest fashion retailer, reported on Monday a 16 percent year-on-year rise in July sales in local currencies, above expectations.

It was the 10th consecutive month of double-digit growth.

The mean forecast in a Reuters poll of analysts had been for a 12-percent rise in July, the second month of its fiscal third quarter.

© Reuters. The logo for an H&M (Hennes & Mauritz) store is pictured in London

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