H&M in same store sales dip

SWEDISH fashion group Hennes & Mauritz yesterday posted a second straight monthly fall in sales at established stores in October as the debt crisis in the Eurozone pushed consumer sentiment even lower.

H&M said same-store sales in October fell two per cent. Total turnover for H&M, including newly opened stores, rose eight per cent in local currencies, beating expectations for a 6.3 per cent rise.

Meanwhile, the fashion retailer said it would be interested in a collaboration with designer Tom Ford following a similar deal with Versace.