Pursuits
H&M Heads for Slowest Month Since September as Sales Ebb
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Hennes & Mauritz AB’s slowing sales growth unnerved investors in Europe’s No. 2 clothing retailer, sending the shares lower even as first-quarter profit beat estimates.
Revenue in the first three weeks of March rose 9 percent in local currency terms, the Stockholm-based company said Tuesday, slowing from 15 percent growth in February and headed for the weakest monthly performance since September.