By
with contributions from Alex Wynne
 on September 29, 2011

PARIS — Hennes & Mauritz AB said net profit fell 15 percent in the third quarter as economic uncertainty and bad weather kept customers out of stores in key markets, triggering intense price competition between fast-fashion retailers.

Though its margins have come under pressure, the Swedish retailer said it had gained market share and planned to ramp up the rate of store openings before the end of the year.

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