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)