Sales growth the envy of rivals
Leading Swedish fashion retailer Hennes & Mauritz has recorded another hike in monthly turnover.

The retailer, which does not break figures down by country, said turnover in June had risen 18 per cent, compared with last year. This compares with 15 per cent year-on-year turnover growth in June last year. Year-on-year growth for May was also 18 per cent.

The figures are in marked contrast to clothing retailers in the UK. On Wednesday, Marks & Spencer said sales in clothing over the 14 weeks to July 9 had decreased by 9.2 per cent.

On the same day, Burberry announced strong international performance in its first quarter, offset by soft trading in the UK. On Tuesday, outdoor clothing specialist Blacks revealed a fall in like-for-like sales for the first 19 weeks to July 9.