UPDATE 2-H&M Q2 pretax, May sales lag despite pop divas

(Reuters) - STOCKHOLM, June 20 - Swedish fashion giant Hennes
& Mauritz second-quarter profits and May sales fell
short of expectations on Wednesday, despite high-profile
campaigns featuring pop icons Madonna and Kylie Minogue.




H&M reported pretax profit of 5.1 billion Swedish crowns
in the second quarter which ended in May,
against analysts' average forecast of 5.3 billion in a Reuters
poll and 3.9 billion in the same quarter last year.


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