In a market that remains tough KappAhl has continued to strengthen key figures. It reports improved profit for the quarter of SEK 39 million compared with the previous year, the gross margin is higher and have sound cost control.
-Net sales decreased by 3.0 per cent for the quarter. The increase in comparable stores was 0.2 per cent.
-The gross margin improved by 2.6 percentage points in the quarter.
-The operating profit for the second quarter is 39 million higher than last year.
-The equity/assets ratio increased to 52.4 per cent.
KappAhl, founded in 1953, is one of the Nordic region’s leading fashion retailers with close to 400 stores in Sweden, Norway, Finland and Poland, and Shop Online. KappAhl offers value-for-money fashion of its own design to the many people – men, women and children, with a special focus on women in the prime of life. KappAhl was the world’s first fashion retailer to gain environmental certification in 1999.