Swedish fashion retailer H&M has reported a like-for-like sales fall for March of 8 per cent.

Sales in local currencies for the month increased 3 per cent year on year.

H&M said that the late spring and calendar effects have had a negative effect on sales during the month.

As of March 31, H&M operated 1,546 stores, up from 1,386 the same time last year.

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