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H&M (STO: HM-B) MONTHLY SALES UPDATE: SALES GROWTH SLOWS TO 1% IN SEPTEMBER

Executive Summary

  • H&M reported total sales grew by 1% year over year in local currencies in September 2016. August saw growth of 7%.
  • The total number of stores grew by 12.6% year over year, to 4,204, as of September 30.
  • Sales growth lagged store growth by 1,162 basis points in September, expanding from the 552-basis-point difference in August.
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