February 15, 2017 / 7:36 AM / in 8 months

H&M January sales up 8 pct, less than company's flash estimate

STOCKHOLM, Feb 15 (Reuters) - Fashion retailer H&M on Wednesday reported an 8 percent increase in local-currency sales in January, but the pick up was smaller than indicated in a preliminary reading.

The earlier flash reading for January, the second month of H&M’s fiscal third quarter, was 11 percent and included a negative calendar effect of 2-percentage points.

H&M did not comment further on the updated sales figure. In December, growth was 6 percent while in January 2016, it was 7 percent.

Reporting by Anna Ringstrom; Editing by Simon Johnson

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