GENERAL MERCHANDISE NEWS
H&M sees slowdown in sales growth
16 November, 2004 | by Retail Bulletin
Like-for-like growth rate dips again
Fashion retailer Hennes & Mautitz has seen a further slowdown in its rate of sales growth.
Like-for-like sales icnreased by 9 per cent in October, dipping below the 10 per cent groth seen in September.
With many fashion retailers reporting a tough start to the autum sales, H&M’s current rate of sale growth remains well below the 14 and 15 per cent seen across the summer.
The company opened its 1000th store this summer, and over the past year has opened its first outlets in Poland, the Czech Republic, Portugal and Italy.
