Eric Sandstedt

“Then a question on the competitive environment. Could you say anything about what you're seeing in competitors like Zalando and the Chinese competitors, Shane and so forth, any changes in the competitive intensity and so forth?”

“Did you observe any changes in terms of customer shopping behavior in the quarter, like fewer shopping occasions, lower basket values or increased cross shopping with competitors that help explain the weaker performance?”

“And then, given the geopolitical tensions here and weak markets, is it fair to assume that trading conditions deteriorated throughout the quarter and that the exit rate was quite soft? or how should we think about the dynamics within the quarter um i think um we have uh generally i would say when we meet when we meet…”

“I want to start off with the organic sales growth and how we should think about that relating to margins. It's organic sales growth is improving in the quarter, but it's still negative.”