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
Must ReadView All
Textiles | On 20th Apr 2018
Vietnam’s textile & garment exports earn $7.3 bn in Q1
Vietnam earned $7.339 billion from textile and garment exports in the ...
Apparel/Garments | On 20th Apr 2018
Uganda yet to exploit AGOA benefits: US envoy Malac
Uganda is yet to take full advantage of the Africa Growth and...
Textiles | On 20th Apr 2018
KBR completes KPIC’s ethylene plant revamp project
KBR, Inc. has successfully completed the ethylene plant revamp...
Interviews View All
Sanjay Yagnik
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Akash Khetan
Narayan Tex Fab
I find it hard to find professionals in Surat
Headhonchos
Indian textile value chain
'One nation, one tax' is a great concept
Fynd is the central online shopping destination for fashion, offering...
Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...
Reckon Industries adapts latest systems for manufacturing from designing...
Silke Brand-Kirsch
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Kevin Nelson
TissueGen
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Kerem Durdag
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Aditi Somani
Aditi Somani
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Amiben Shroff
Shrujan
From its modest beginning in the late 1960s, Shrujan has grown into a...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
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: 103
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: 103
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: 103
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: 103
E-News Insight
Latest News Update in Your Mail Box.
