H&M Results Exceed Expectations
The Swedish fashion retailer Hennes and Mauritz reports that sales in October rose 12 percent year-on-year.
That’s better than expectations, and H&M shares opened 2.5 percent higher Wednesday. The company’s September sales figures had disappointed, which was blamed on unusually warm weather and a slack German market.
The chain says by the end of this year it will be opening new stores in the United States, France, Britain, Spain, and Germany.