H&M's Q1 profit grows more than expected, sees March sales up 1%

STOCKHOLM, March 26 (Reuters) - Swedish fashion retailer H&M reported on Thursday a slightly bigger rise than expected in December-February ‌operating profit, and predicted March sales would be up 1% ‌in local currencies. "Towards the end of the quarter our well-received spring collections contributed to ​a positive sales trend, which also continued into March," CEO Daniel Erver said in a statement. Operating profit in H&M's fiscal first quarter, which includes the key Christmas shopping period, rose f ...