Major focus on development but drop in sales KappAhl
Home » News » Retailers News » Kappahl Reports Drop In Sales Due To Focus On Development

KappAhl reports drop in sales due to focus on development

Share: 
      Newsletter

KappAhl

                 Image Courtesy: news.cision.com

Sweden-based apparel retailer KappAhl, in its recent financial report, reported a decrease in net sales by 3 per cent for the fourth quarter and a decrease of 3.3 per cent for the whole year. Operating profit of US $ 25 million, excluding the non-recurring items was reported for the full year, with the rate of investment observed to be double as compared to the last year.

The company also reported a decrease of 1.7 per cent in the overhead expenses. “The past year has been an intermediate year for KappAhl in terms of sales and profit growth. Nonetheless, it was an important year with a great focus on initiatives for the future” said Anders Düring, acting President and CEO.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

PVH Corp. inks deal with Li & Fung Limited

PVH Corp., one of the largest apparel companies in the world, has entered into agreements with Hong Kong-based Li & Fung Limited, world...

Francesca’s sales up 9% in Q4

US-based apparel retailer Francesca's has reported that its fourth quarter net sales rose 9 per cent to US $ 146.3 million. Same-store sales...

Perry Ellis’ third quarter revenue tumbles 4.7%

US-based clothing retailer, Perry Ellis International, has announced its fourth quarter results, showing 4.7 per cent decline in total revenue from US $...

Duluth Holdings Celebrates Grand Opening of its Eighteenth Store in Burlington, Massachusetts

BELLEVILLE, Wis., March 23, 2017 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories,...

Spykar to expand its womenswear segment

Spykar, Indian apparel brand which is known for its men’s casual wear, especially in denims that contributes approximately 82 per cent in its...

PVH Corp. rolls out fourth quarter results

PVH Corp., an American clothing company which owns brands like Tommy Hilfiger, Calvin Klein, IZOD, Arrow, and licenses labels such as Geoffrey Beene,...

Lands’ End releases its fourth quarter financial report

Lands’ End, an American clothing retailer based in Dodgeville, Wisconsin, specializing in casual clothing, luggage, and home furnishings, reported net loss of US...

Walmart may use drones in stores to help customers

US retail giant Walmart has been granted a patent to use drone inside its store to help customers get products they want in...

NIKE notes growth in third quarter

American sportswear giant NIKE has reported financial results for the third quarter ended February 28, 2017. Consumer demand in all geographies drove revenue...

US retail sector creates 39,400 new jobs in January

Retail industry employment in the USA increased by 39,400 jobs in January 2017 over December 2016, making up nearly a fifth of the...