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H&M (STO: HM-B) MONTHLY SALES UPDATE: SALES GROWTH ACCELERATES TO 10% IN JULY

Executive Summary

  • H&M reported total sales grew by 10% year over year in local currencies in July 2016. Growth in June was 8%.
  • Total number of stores grew by 12.5% year over year, to 4,105 as of July 31.
  • Sales growth lagged store growth by 250 basis points in July, a narrowing from the 444-basis-point difference in June.
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