Retail news round-up: H&M reports slow growth in sales, and shopping centre landlord New River to raise £200m.

H&M reports slow growth in sales

H&M has reported a 4% increase in year-on-year sales for May on a constant currency basis, down from 7% in April, This Is Money reported.

The overall second-quarter sales growth to the end of May was 5%.

However, the total second-quarter sales excluding VAT increased 10% to £4.6bn.

The fashion chain increased its global store base by 421, with a total of 4,498 stores.

Shopping centre landlord New River set to raise £200m

New River, the shopping centre landlord, is set to raise £200m on the stock market, The Telegraph reported.

The company is hoping that approximately £60m of the proceeds will be used to buy a 50% stake in a portfolio of five shopping centres.

It is also earmarking £30m to extend its partnership with the Co-op, turning a number of pubs into convenience stores.

The company said the remainder will be used on further acquisitions.

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