STOCKHOLM/LONDON (Reuters) – European fashion retailers blamed the weather for below-forecast figures on Thursday as Hennes & Mauritz sales were hit by a hot second half of August and Britain's Next discounted stock in July after a warm winter and cold spring. Zara-owner Inditex , by contrast, copes better because it can whisk the latest trends from runway to stores in a matter of days from its factories in Europe. Next shares were down 4 percent at 1324 GMT and H&M also slipped 4 percent, dragging Britain's Marks and Spencer , which fell 2.4 percent, and German online fashion retailer Zalando , down 1.4 percent.
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Weather exposes holes in H&M, Next clothing order chains