The not so brilliant business of Swedish clothier KappAhl

The not so brilliant business of Swedish clothier KappAhl

Swedish clothier KappAhl reports for the fiscal third quarter (per end of May) 7.4 % less sales or SEK 1146 (SEK 1237) million and 8.2 % for the nine month period or SEK 3458 (SEK 3766) million, also the operating profit , escluding non recurring costs) dropped in the third quarter from SEK 57 to SEK 46 million and over the nine monthperiod it fell from 219 to 7 million. On the other hand costs decreased by 5.7 % in the third quarter respectively 4.4 % (nine months). Positive is the statement of Johan Aberg, President and CEO that inventories are back at satisfactory level, both in view to size and composition.

www.kappahl.com


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