SWEDEN: Kappahl “on right path” after Q1 profit
- Q1 net profit of SEK115m, versus SEK11m loss last year
- Net sales up 4.4% to SEK1.245bn
- Comparable store sales up 3%
Fashion retailer Kappahl returned to profit in the first quarter of its fiscal year, thanks to a 4.4% sales increase and a 3% rise in comparable store sales.
The Swedish company recorded a 4.9 percentage point increase in gross margin and kept control over its costs, despite opening 14 new stores.
It also posted a capital gain of SEK77m (US$11.9m) thanks to the sale of company-owned property, Kappahl said.
“It’s a little too early to say this is a new positive trend for the company, but it’s quite clear there are strong signals indicating we are on the right path,” said Johan Åberg, Kappahl president and CEO.
Some 190 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people last yea...
KappAhl will seek to consolidate its market position through the development of collections best suited to the demands and wants of its core consumer group, namely women 30+ with families. The company...
Nordic fashion chain KappAhl has today (28 June) returned to profit during its third-quarter, helped by higher sales in all business areas....
Håkan Westin has stepped down as the chief financial officer of Nordic fashion chain KappAhl....
- 2014: Year in review - Sourcing winners and losers
- COMMENT: The decline of the buying office
- 2014: Year in review - Brand winners and losers
- 2014: Year in review - Retail winners and losers
- Bangladesh: Raising the bar on apparel exports?
- Report urges overhaul of Cambodia factory safety
- Bangladesh knitting worker killed by faulty lift
- North Face debuts locally-grown "backyard" hoodie
- Bangladesh factory improvements “will take years”
- Apparel manufacturing leads US reshoring trend