Home / Knowledge / News / Apparel/Garments / KappAhl to close down five stores in Czech Republic
KappAhl to close down five stores in Czech Republic
14
Oct '13
As part of its continuous assessment of stores and ongoing action programme, KappAhl has decided to close down its five stores in the Czech Republic. The general market situation in the Czech Republic has deteriorated since KappAhl opened its first store there in 2009. The stores in the Czech Republic have not achieved the expected profitability.

The exit from the Czech Republic is expected to have a marginal effect on the operating profit and should be completed before the end of 2013.

KappAhl maintains a stable platform in close to 400 stores in four countries. Management focus will now be directed towards the markets where KappAhl already has a well-established network of stores and where work with the ongoing action programme is expected to have a greater impact.

“We regularly review the profitability of our stores and at the present time we are not in a position to achieve a profit in the Czech Republic within a reasonable timescale and with reasonable resources. We want to focus our efforts on the markets where we can see results quickly,” says Johan Åberg, President and CEO.

KappAhl

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Apparel/Garments | On 20th Jan 2017

Fashion etailer Fynd to offer Yepme product offerings

Online fashion retailer Fynd has signed a partnership with Yepme,...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search