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H&M (STO: HM-B) Monthly Sales Update: Sales Growth Slows to 8%

Executive Summary

  • H&M reported that total sales grew by 8% year over year in local currencies in June 2016. Growth in May was 9%.
  • Total store numbers grew by 12.4% year over year, to 4,095 as of June 30.
  • Sales growth lagged store growth by 444 basis points in June, a widening from the 304-basis-point difference in May.
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