Retail
H&M beats expectations as sales rise 4% in March
Retailer on track to reach its goal of an operating margin of 10 per cent next year
Sales at H&M, the Swedish clothing retailer, rose in March by 4 per cent, beating analysts expectations.
Spring collections are being well-received in markets where weather has warmed up, but the start of the season has been delayed in many countries due to cold weather, the retailer said.
The company reduced its stock-in-trade by 16 per cent in local currencies to 41 billion kronor (€3.3 billion).
