H&M December sales stronger than expected
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[STOCKHOLM] Hennes & Mauritz, the world's second-biggest fashion retailer, posted forecast-beating sales in December, extending what has been a strong run for the Swedish company, into a new fiscal year.
December was the ninth consecutive month that H&M, which is benefiting from a recovering US economy, reached sales clearly or slightly above analysts' expectations in Reuters polls.
The company, which lags Zara owner Inditex in annual sales, said on Thursday its sales rose 15 per cent year on year in December, above a 13 per cent increase expected by analysts.
December is the first month of the company's fiscal first quarter. It will unveil detailed earnings for 2013/2014 on Jan 28.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
