Home / Knowledge / News / Apparel/Garments / July fashion division sales slip 4.7% at Stockmann
July fashion division sales slip 4.7% at Stockmann
13
Aug '14
Fashion division revenue at Stockmann dipped 4.7 percent year-on year in the month of July, the Finnish retailer said.

Of which, sales were down 2.2 percent from a year ago in Finland and also fell 5.4 percent in its international operations.

Among fashion divisions, Lindex revenue was up 3.3 percent from a year earlier at comparable exchange rates, but due to currency effects, euro-denominated revenue was down 3.1 percent.

Seppälä’s revenue was down 12.5 percent, partly due to closures of several unprofitable stores in Russia during the past 12 months.

Considering group revenues, Stockmann’s Group sales were down 9.4 percent on the previous year and amounted to EUR 133.4 million in July 2014. Revenue at comparable exchange rates was down 6.0 percent.

Stockmann said, weak exchange rates of the Russian rouble, Swedish krona and Norwegian krone continued to negatively affect euro-denominated revenue.

The Department Store Division’s revenue slipped 13.6 percent year-on-year made up by a fall of 14.3 percent in Finland and 12.3 percent in international operations.

It said the early start of the summer sale in Russia had a negative effect on the revenue in July.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Jun 2016

CII issues 6-point plan for textile & apparel industry

Indian textile and apparel industry has the potential to create over...

Textiles | On 28th Jun 2016

Telangana subsidises power tariff for textile sector

The Telangana government has decided to give Rs 2 per unit subsidy on ...

Apparel/Garments | On 28th Jun 2016

Bangladesh garment exports up 9.4% in July-May

Readymade garment exports from Bangladesh increased by 9.41 per cent...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search