STOCKHOLM (Reuters) - Hennes & Mauritz (>> H & M Hennes & Mauritz AB), the world's second-biggest fashion retailer, reported a 12 percent year-on-year rise in October sales in local currencies on Monday, just below expectations.
The mean forecast in a Reuters poll of analysts had been for a 13 percent rise in October, the second month of its fiscal fourth quarter.
H&M, which trails Zara owner Inditex (>> Inditex SA), said the total number of stores amounted to 3,807 on 31 October 2015 compared to 3,437 on 31 October 2014.
(Reporting by Anna Ringstrom; Editing by Simon Johnson)