KappAhl with strong first quarter 2015-16

KappAhl with strong first quarter 2015/2016

The first quarter was a strong quarter for Swedish clothier KappAhl: A sound gross margin, still have good cost control and are continuing with its priority investments. What contributes to sound margins is a combination of a successful new offer strategy and a price strategy that compensates for higher purchase prices. In all, KappAhl delivers an operating margin that approaches the long-term target of ten per cent.”

•          Gross margin and operating profit exceed the previous year.

•          Continued strengthened balance sheet.

•          For the first time all three of the Group’s concepts have opened in the same market place; Mall of Scandinavia.

•          Shop Online has been launched in Poland.

•          Danny Feltmann is the new President and Chief Executive Officer from 1 December.

 

Kappahl

 

www.kappahl.com


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