UK news- H&M like-for-like sales fall 3 per cent in July

Sales at H&M fell 3 per cent on a like-for-like basis in July compared to a 3 per cent increase for the same month last year.


Total sales for the Swedish fashion group grew 7 per cent in local currencies for the month.

?This is slightly worse than expected but no drama,? one analyst told Reuters. ?H&M is not as active as its competitors when it comes to markdowns, which is bad for like-for-like sales but good for margins.?