H&M July comparable sales -1 pct

STOCKHOLM Thu Aug 15, 2013 2:02am EDT

STOCKHOLM Aug 15 (Reuters) - Swedish budget fashion retailer Hennes & Mauritz said on Thursday its sales in stores open at least a year were down 1 percent in local currencies in July, undershooting expectations.

The mean July forecast in a Reuters poll of analysts had been for a 1 percent rise from a year earlier.

Total sales in the month - the second of H&M's fiscal third quarter - were up 9 percent in local currencies, against a forecast for a 10 percent rise.

(Reporting by Anna Ringstrom)