The Department Store Division’s revenue was down 8.2 per cent, if the terminated franchising operations are excluded. Revenue was down 5.7 per cent in Finland. Euro-denominated revenue in international operations was down 13.9 per cent. Revenue in rouble was also somewhat down in Russia.
The Fashion Chain Division’s revenue was down 3.3 per cent; down 8.6 per cent in Finland and down 1.9 per cent in international operations. Lindex’s euro-denominated revenue was on a par with the previous year and revenue in local currencies was up 4.7 per cent. Seppälä’s revenue was down 19.3 per cent.
Revenue for 2013
The Stockmann Group’s preliminary revenue for the full year 2013 amounted to EUR 2 037.3 million. Excluding the terminated franchising operations, revenue was down 2.3 per cent on the previous year. Revenue in Finland was down 4.4 per cent. Euro-denominated revenue abroad was down 0.3 per cent on the previous year and accounted for 51.7 per cent of the total revenue.
The Department Store Division’s revenue was down 3.1 per cent, if the terminated franchising operations are excluded. Revenue was down 3.3 per cent in Finland. Euro-denominated revenue in international operations was down 2.7 per cent. Revenue in local currency in the Russian department stores was up on the previous year.
The Fashion Chain Division’s revenue was down 1.1 per cent; down 10.1 per cent in Finland and up 1.3 per cent in international operations. Lindex’s revenue was up 2.6 per cent in euro and up 3.5 in local currencies. Seppälä’s revenue was down 18.0 per cent, partly due to 11 closed stores in 2013.
Stockmann will publish its financial statement bulletin on 13 February 2014 at 8 a.m. EET. The company’s full financial statements and an electronic version of the Annual Report 2013 will be published in the week starting on 24 February 2014. The monthly revenue releases for 2014 will be published on or around the 9th working day of the following month.
Apparel/Garments | On 25th Jun 2016
The Apparel Export Promotion Council (AEPC) expressed its...
Textiles | On 25th Jun 2016
The global yarn production increased by 20 per cent...
There are quite a number of brands stepping into the sports lifestyle...
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Max Fashion India
‘Traditional high-street retailers are now willing to offer franchisees to ...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
The Indian market has huge potential in technical textiles, and by far,...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
"You have to truly understand what your client wants, know her needs, what ...