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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

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...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Wendell Rodricks
Wendell Rodricks

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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