H&M's fourth-quarter sales growth takes hit from later Black Friday

STOCKHOLM (Reuters) - H&M reported a slightly smaller-than-expected rise in fourth-quarter sales reflecting a later Black Friday this year, the world's second-biggest fashion retailer said on Monday. Net sales rose 9% to 61.7 billion crowns (5 billion pounds) for the September-November quarter, short of the 10% rise to 62.0 billion crowns expected by analysts, according to Refinitiv SmartEstimates.In local currencies, sales growth was 5%, a slowdown from the previous quarter."Sales development..