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In response, the second-biggest clothing retailer after Zara owner Inditex (ITX.MC) has invested heavily in logistics and ecommerce and is reviewing its mix of stores and brands. It is also working on a new store concept and more fashionable ranges. CEO Karl-Johan Persson said new summer and autumn styles released in the quarter were better received by shoppers than last year, boosting sales in many markets. “The big explanation is that many customers appreciate the new collections that we have developed,” he told Reuters.

“There are positive signals, definitely,” he added, noting that online sales spiked 32 percent, outpacing recent figures from ASOS and Zalando, GRAPHIC: H&M share price gyrates in 2018 - reut.rs/2xB4cOn, Teething problems with a new logistics system designed to help improve its supply chain and better integrate stores and its website hit fiscal third-quarter profits, The glitches led to extra costs and an 8 percent sales drop in waving american flag cufflinks the United States, France, Italy and Belgium, However, sales for its other 66 markets increased by 8 percent in local currencies during the quarter, Analysts at Credit Suisse said that meant comparable sales in those markets may well have been up for the first time in three years..

In September, the start of H&M’s fourth quarter, the underlying sales trend was positive, Persson said. H&M said it did not expect increased discounting in the current quarter thanks to the “quality and balance” of its stock, which Persson said now includes fewer out-of-fashion clothes and more recent ranges and timeless ranges. H&M’s markdowns increased 0.7 percentage points in the third quarter, and inventories rose 15 percent to 38.7 billion crowns. RBC analyst Richard Chamberlain noted that H&M had not yet started shifting the online platform in its biggest market Germany.

“We still see the risk to consensus estimates as on the downside, however H&M is working its way through some of its issues and has given more reassuring guidance on markdowns waving american flag cufflinks for Q4,” said Chamberlain, who has a “Neutral” rating on the stock, Extra costs totaling 400 million crowns related to the logistics problems weighed on profits, Persson told analysts in a call that the problems would affect costs and sales to a lesser extent in the fourth quarter, June-August pretax profit for shrank 20 percent from a year ago to 4.01 billion crowns ($454 million), Analysts had forecast a 16 percent drop..

(Reuters) - Accenture Plc’s (ACN.N) profit forecast for the year fell short of estimates, overshadowing better-than-expected fourth-quarter revenue and profit and sending its shares down about 2 percent. The consulting and outsourcing services provider said the forecast assumes impact from a stronger dollar, and that the possibility of a “hard” Brexit and the ongoing trade war could impact its business. The company said it expects full-year profit between $6.98 per share and $7.25 per share, below the average estimate of $7.28 per share. It also said it expects full-year revenue growth between 5 percent and 8 percent in local currency.

“Accenture reported solid numbers, driven by growth across all its segments, They provided FY19 guidance of 5-8 percent local currency revenue growth; and commented that the macro is incrementally more volatile, primarily due to disputes around global trade and the potential for a hard waving american flag cufflinks Brexit,” Arvind Ramnani, analyst at KeyBanc Capital Markets said, Like its peers, Accenture has been focusing on cloud computing, cyber-security and analytics to reduce its reliance on IT services, where margins are falling as clients demand more work for less money..

Accenture has spent about $3.4 billion over the last three years — nearly half of it in fiscal 2017 — on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant (CTSH.O) and IBM (IBM.N). Much of the company’s recent growth has been driven by these services, which include everything from managing clients’ social media marketing strategies to helping them move operations to the cloud. Revenue from its digital, cloud and security-related services, which the company terms as “the New”, made up more than 60 percent of total revenue.

Net income attributable to the company rose to $1.03 billion, or $1.58 per waving american flag cufflinks share, from $932.5 million, or $1.48 per share, in the fourth quarter ended Aug, 31, a year earlier, Accenture’s profit beat the average analyst estimate of $1.56 per share, according to Thomson Reuters I/B/E/S, Net revenue rose to $10.15 billion, ahead of estimates of $10.01 billion, The company also raised its semi-annual cash dividend by 10 percent to $1.46 and said its board had approved an additional share repurchase program of $5 billion..



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