H&M sales rise 15 pct in Jan, matching forecasts

STOCKHOLM Mon Feb 17, 2014 2:02am EST

STOCKHOLM Feb 17 (Reuters) - Swedish budget fashion retailer Hennes & Mauritz said on Monday its sales rose 15 percent in January, in line with a forecast which the company provided in its fourth quarter report.

Analysts in a Reuters poll had also predicted the firm, which competes with its bigger rival Zara-owner Inditex , would post a 15 percent increase in total sales.

H&M said in its quarterly report on Jan. 30 that it expected January sales to rise 15 percent. (Reporting by Mia Shanley, editing by Simon Johnson)

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