Home / Knowledge / News / Apparel/Garments / Lindex Q4'13 operating profit mounts 27%
Lindex Q4'13 operating profit mounts 27%
13
Feb '14
Lindex,operating profit increased by 27 percent during the last quarter of 2013. This was due to strong sales development in all Lindex markets. For the entire year, the increase in revenue was up from MEUR 671 to MEUR 688.
 
“We had a very tough start to the year which we succeeded to turn around with fantastic summer sales, a great transition to autumn and a good end to the year”, says Göran Bille CEO at Lindex. 
 
The revenue in Euro increased in the last quarter of 2013 by 1.5 percent across all Lindex markets. Lindex in Sweden showed an increase of 3.6 percent in SEK. 
 
“We increased in sales on all our markets except for Finland, where the retail trade was significantly weak. We had a good sales increase for our women’s wear and kids’ wear. It’s also fun that we have made important steps on our new markets, the Czech Republic and Slovakia, and we are increasingly consolidating our position in the 
 
Baltic States and Russia. The figures are a proof that our fashion is appreciated internationally which is something that we want to develop further within our long-term expansion. In September 2013 we signed a contract with our Chinese franchise partner Suning with the goal to open 100 stores within four years. 
 
In September 2014, we will open up the doors to our first store in Shanghai, China, we are really looking forward to that”, says Göran Bille. 
 
In addition, Lindex 2013 won yet again the prestigious award “Fashion Chain of the Year” at Habits Fashion Gala. The motivation was among other things, Lindex has a clear concept which has been successful in Sweden, as well as, internationally. 
 
“The new concept creates a welcoming shopping environment filled with tips and ideas for the fashion-conscious woman, where one can sense the ambience of our Scandinavian tradition in the interior. The store is our most important communication channel, which makes this investment important for the upcoming years”, says Göran Bille. 
 

Lindex

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search