STOCKHOLM (Reuters) – Sales at Sweden’s H&M, the world’s second-biggest fashion retailer, increased less than expected in the three months through August.
The company said on Wednesday sales grew 9% from a year earlier, or 14% measured in local currencies, to 55.6 billion crowns ($6.46 billion). Analysts polled by Refinitiv had on average forecast net sales growth of 14%.
($1 = 8.6130 Swedish crowns)
(Reporting by Anna Ringstrom; editing by Niklas Pollard)
