Shares in H&M have risen by 10% after reporting a 12% rise in sales in June. The fashion retailer said sales of its summer collections have got off to a good start so far, and that it is selling more clothes at full price.
Pre-tax profits for the second quarter of 2019 did fall to $639.6m, from $650m in the same period in the previous year.
In a switch of strategy, H&M said it would open fewer stores this year. It will invest further in online shopping - an area it has previously been behind on compared to some of its competitors.
