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Daily Digit: H&M June Sales Rise

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Daily Digit: H&M June Sales Rise
AIRED:
14% is today's daily digit in Europe - the sales increase at H&M for the first two weeks of June. Shares at the world's second largest fashion retailer rose more than 2% on the news even though earnings dropped more than expected in the second quarter. They were hit by still-sluggish consumer morale and bad weather in the Swedish group's main European market. Pretax profit for the quarter fell below $950 million - down around 15% from a year ago.moreless
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