Hennes & Mauritz sales fall by 5%
- Published
Swedish fashion giant Hennes & Mauritz said like-for-like sales fell by 5% in March from the same month a year earlier.
The firm said that the strong sales in March 2010 had been boosted by good Easter sales.
H&M said total sales - which include new stores - rose 2%.
Last month the fashion chain said its first quarter profits had fallen by 30%, blaming higher cotton prices and the value of the Swedish krona.
During December to February, H&M said profits dropped to 2.62bn kronor ($421m; £258m), from 3.54bn kronor in the same period a year ago.
- Published
- 31 March 2011
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