STOCKHOLM, Dec 15 (Reuters) - Swedish fashion chain Hennes & Mauritz reported on Tuesday sales at its established stores fell 9 percent year-on-year in November.
Total sales were up 1 percent.
The figures compared with an average forecast of a fall of 5.5 percent at stores operating for more than one financial year and a 4.7 percent increase in total sales.
The company said in a statement December had started well, with sales rising around 11 percent in the first two weeks. Keywords: H&M/ (Stockholm Newsroom, tel: +46-8-700 1017, e-mail: stockholm.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Total sales were up 1 percent.
The figures compared with an average forecast of a fall of 5.5 percent at stores operating for more than one financial year and a 4.7 percent increase in total sales.
The company said in a statement December had started well, with sales rising around 11 percent in the first two weeks. Keywords: H&M/ (Stockholm Newsroom, tel: +46-8-700 1017, e-mail: stockholm.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.