H&M Jan comparable sales fall less than expected

STOCKHOLM Fri Feb 15, 2013 2:02am EST

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STOCKHOLM Feb 15 (Reuters) - Swedish budget fashion retailer Hennes & Mauritz said on Friday its like-for-like sales fell for a fourth straight month in January, by 4 percent in local currencies from a year earlier.

The mean forecast in a Reuters poll of analysts had been for a 5 percent drop.

Total sales, which also includes sales in stores open less than a year, were up 5 percent, matching a preliminary figure given previously by H&M. (Reporting by Anna Ringstrom)

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