Europe retail watch: Hennes & Mauritz (HMRZF.PK, HNNMY.PK) saw sales increase 2% Y/Y to...

|About: Hennes & Mauritz ABB (HMRZF)|By:, SA News Editor

Europe retail watch: Hennes & Mauritz (HMRZF.PK, HNNMY.PK) saw sales increase 2% Y/Y to 28.4B kronar ($4.39B) during FQ1 while profit slumped 10% to 2.46B kronar ($380M). Execs warn that 2013 will be challenging as a severe bout of cold weather delays the start of spring collections in key markets.