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H&M Blames Warm Weather Across U.S., Europe for Sales Miss

Customers shop during the grand opening of a Hennes & Mauritz AB (H&M) store in Denver, Colorado, U.S., on Thursday, Nov. 10, 2011. Hennes & Mauritz AB, the world's second-largest clothing retailer, will start selling apparel and accessories designed by Gianni Versace SpA next week.
Photographer: Matthew Staver/Bloomberg
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Hennes & Mauritz AB reported revenue that missed analysts’ estimates as unseasonably mild weather weighed on demand in North America and Europe.

November sales rose 4 percent in local currencies, only the second time this year that the retailer’s monthly growth has fallen below 10 percent. The shares declined as much as 1.1 percent in Stockholm.