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H&M (STO: HM-B) Monthly Sales Update: Weakening Growth In in November And and The the Full Year

Executive Summary

  • Total sales for November rose by 9% year over year in local currencies versus 10% in October.
  • In 4Q16, sales grew by 7% in local currencies and 8% in Swedish krona (SEK).
  • In FY16, H&M increased sales by 7% in local currencies and 6% in SEK.
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