By  on December 15, 2017

PARIS — Hennes & Mauritz AB shares sank to their lowest levels in eight years Friday after the company reported disappointing fourth-quarter sales.

Sales in the period ending Nov. 30 totaled 58.45 billion kronor, or $6.95 billion, including VAT, down 2 percent in local currencies. The Swedish retailer called the quarterly performance “significantly below the company’s own expectations” due to “weak” business at its stores.

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