The Business Times
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H&M's October sales up 14%, above expectations

Published Mon, Nov 17, 2014 · 08:05 AM

    [STOCKHOLM] Hennes & Mauritz, the world's second-biggest fashion retailer, posted on Monday a 14 per cent rise in October sales from a year ago, beating forecasts.

    Analysts polled by Reuters had on average predicted a 10 per cent rise.

    The Swedish budget fashion firm, which has the bulk of business in Europe, has said that in September, when sales growth landed at 8 per cent, many customers delayed purchases of cold-weather gear amid unusually warm weather.

    REUTERS

    Fashion

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