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H&M’s July Comp Sales Stumble

In What's New, Industry News by Jeff Prine

Stockholm—U.S.-based retailers aren’t the only ones reporting softening sales. H&M, the world’s second largest fashion retailer, today reported its July comparable store sales measure fell, the first monthly drop since March. Comparable store sales were down 1% in July from July 2012 compared with analysts’ average estimate for a 1% …