H&M September sales rise eight percent in line with forecasts

Reuters) – Hennes & Mauritz (HMb.ST), the world’s second-biggest fashion retailer, reported on Wednesday an 8 percent increase in sales in September, in line with analyst forecasts.

The Swedish budget fashion retailer, which already reported sales for most of September in its third-quarter earnings results, was seen posting a 7.5 percent rise in sales according to the mean analyst forecast in a Reuters poll.

H&M said in September unusually warm weather in the month led customers to delay purchases of cold-weather gear.

(Reporting by Mia Shanley, editing by Anna Ringstrom)

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Posted on October 15, 2014, in #international, #retail. Bookmark the permalink. Leave a comment.

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