Stylish July profits for H&M

Swedish fashion giant Hennes & Mauritz enjoyed sharply higher sales in July.

The retailer, which is the world’s third biggest in terms of turnover, said sales at stores that had been open more than a year were up ten percent from a year earlier as it reaped the benefit of an improving global economy.

H&M also gained market share from its competitors.

US rival GAP posted a one percent rise in same-store sales in July.

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