H&M Posts Solid May/June Sales

Like-for-like sales at international fashion retailer H&M fell by 2 percent in June, compared to June 2007, while overall sales increased by 8 percent for the month against market forecasts of a 5.2 percent gain. This compares with a May total sales increase of 25 percent and a boost in like-for-likes of 14 percent, compared with May 2007.