HIGH street clothes giant H&M yesterday beat expectations to deliver like-for-like sales growth of four per cent for August in stores open at least one year.
The retailer, which has lucrative clothing tie-ups with stars including Beyonce, saw shares jump to a record high after reporting total sales were up 14 per cent in local currencies in August.
Sales excluding VAT came to 32bn Swedish kronor (£3bn) between June and August.
Clothing retailers have had tough times in Europe as consumers have been reluctant to spend in the face of economic uncertainty.
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