November 15, 2012 / 7:06 AM / 5 years ago

H&M comparable sales -5 pct in Oct, below consensus

STOCKHOLM, Nov 15 (Reuters) - Hennes & Mauritz, the world’s second-largest fashion retailer, said on Thursday sales at stores open a year or more shrank 5 percent in local currencies in October, lagging a Reuters poll forecast for unchanged sales.

Total sales in October, the second month of the Swedish budget apparel firm’s fiscal fourth quarter, were up 4 percent from a year earlier, below the mean forecast for a 9 percent rise.

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