Pursuits
H&M Reports Its Strongest Monthly Sales Growth Since November
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Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported the strongest monthly sales growth since November, exceeding analysts’ estimates.
Revenue in May rose 19 percent from a year earlier at local currency rates, including value-added taxes, the Stockholm-based retailer said in a statement today. That topped the 12 percent average estimate in a survey of analysts by SME Direkt.