Home / Knowledge / News / Apparel/Garments / Stockmann Group sales down 4.7% to €141.4mn in March
Stockmann Group sales down 4.7% to €141.4mn in March
14
Apr '14
The Stockmann Group’s revenue was down 4.7 per cent on the previous year and amounted to EUR 141.1 million in March 2014. The decline was due to currency exchange rates, as the Russian rouble reached its weakest level ever against the euro and also Swedish krona and Norwegian krone were clearly weaker than a year ago. Revenue at comparable exchange rates was up 0.4 per cent.
 
The Department Store Division’s revenue was down 5.5 per cent. Revenue was down 2.6 per cent in Finland and 11.5 per cent in international operations. Revenue was up in the Baltic department stores, but in Russia revenue continued to decline due to the weakened rouble.
 
The Fashion Chain Division’s revenue decreased by 3.6 per cent; down 1.8 per cent in Finland and down 4.0 per cent in international operations. Lindex’s euro-denominated revenue was down 2.4 per cent. At comparable exchange rates revenue was up by 4.0 per cent. Seppälä’s revenue was down 11.7 per cent, particularly in Russia due to closed stores and the weak rouble.
 

Stockmann


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search