Late in the afternoon, it began to snow in Belgrade - unseasonable weather, but somehow reflecting the mood.

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"These were all rescues carried out in very unseasonable weather, " he said.

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Management expected the gap between revenue growth and inventory growth to close in the fourth quarter, but I am not sure that went down to any large degree given unseasonable weather.

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Bulls says the March fall in sales was an anomaly, the result of an unseasonable cold weather that kept shoppers in much of the country from buying spring clothes and seasonal merchandise.

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