H&M forecasts physical stores to return to growth next year

Stockholm

HENNES & MAURITZ AB forecast that sales at its brick-and-mortar stores will return to growth next year as it battles a slowdown and tries to improve its online strategy.

Sales in comparable stores will continue to fall this year despite gradual improvement, the Swedish apparel retailer said on Wednesday in a statement.

The rival of Zara owner Inditex also forecast growth of at least 25 per cent in sales online and in its new brands such as COS and H&M Home in …