Aug '14
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
.gif)
Must ReadView All
Apparel/Garments | On 23rd Sep 2017
AAFA urges negotiators to preserve TPLs in NAFTA
The American Apparel & Footwear Association (AAFA), an alliance of...
Textiles | On 23rd Sep 2017
SIMA urges Centre to re-look duty drawback rates
he Southern India Mills’ Association (SIMA) has appealed to the...
Textiles | On 23rd Sep 2017
PKR 690.65-mn budget for Pakistan Cotton Committee
The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...
Interviews View All
Sanjay Desai & Ashish Mulani
True Colors
Digital textile printing will be the technology of the future
Rashi Menda
Zapyle
Every fifth sale we make on Zapyle is a repeat purchase
Anavila Misra
Anavila Collection
Fashion shows are also encouraging and highlighting sustainable fashion
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Marten Alkhagen
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Divvya and Nidhhi Gambhir
Walnut
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
Wendell Rodricks
Wendell Rodricks
"We should not compare India and the West. There are things we do that...
Igor Chapurin
Chapurin
"Now we can see the Russian trend in international fashion. And Russian...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 47
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 47
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 47
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 47
E-News Insight
Latest News Update in Your Mail Box.
