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Swedish fashion chain Hennes & Mauritz reported on Monday a bigger-than-expected 3 percent drop in year-on-year sales at established stores in July.
The mean forecast in a Reuters poll of 10 analysts had been for like-for-like sales to drop 1 percent.
Total sales were up 7 percent, undershooting a forecast 9 percent rise.
H&M only gives round numbers for monthly sales and does not give currency figures.
In June, like-for-like sales dropped 5 percent while total sales were up 4 percent.
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