Sweden's H&M , the world's second-biggest fashion retailer, reported o...
FILE PHOTO: People shop in the newly opened Hennes & Mauritz store in Moscow, March 13, 2009. REUTERS/Denis Sinyakov
STOCKHOLM - Sweden’s H&M , the world’s second-biggest fashion retailer, reported on Monday a slightly smaller rise in fiscal fourth-quarter sales than expected and said the fact Black Friday fell later this year had a negative effect. Net sales in the September-November period rose 9% to 61.7 billion crowns from a year-earlier 56.4 billion. Analysts had on average forecast a 10% rise to 62.0 billion crowns, according to Refinitiv SmartEstimates.Our Standards:
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