June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.  

The fast fashion group will pilot online sales of second-hand garments on the Swedish site of its & Other Stories brand.

In a bid to make their stores a one-stop destination, high street retailers are launching own-brand beauty lines.

"Now growing austerity in Europe is pinching even sales of low-priced apparel. But rather than cutting prices further, H&M is testing a higher-priced