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H&M Results Exceed Expectations

Published onsdag 15 november 2006 kl 11.29

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.

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