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H&M First Quarter Sales Weaker Than Expected

The company said sales were up 1 percent in March so far, signalling a slow start to the spring and summer season.
An H&M storefront.
H&M is struggling to deliver on ambitions to boost sales and margins. (Dominika Zarzycka/NurPhoto via Getty Images)

Swedish fast-fashion retailer H&M reported weaker than expected sales for its first quarter on Thursday and said sales were up 1 percent so far in March, in a sign of a slow start to its spring and summer season.

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