Home / Knowledge / News / Textiles / H1 operating loss at Finnish retailer Marimekko dips 50%
H1 operating loss at Finnish retailer Marimekko dips 50%
14
Aug '14
In the first six months of 2014, while releasing its interim report, Finland-based Marimekko Group, said that despite decline in net sales, operating loss fell by half from the same period of 2013.

In the period January to June 2014, net sales at Marimekko net sales fell by 6 percent from a year ago period to reach EUR 41.3 million. It attributed the fall in net sales to a downturn in wholesale sales in all market areas and a fall in retail sales in Finland.

It added that the decrease in wholesale sales was partly due to a change in the rhythm of deliveries in the first quarter of the year and the fact that a major part of the initial stock deliveries to new retailer-owned stores in North America and Asia in 2013 took place in the second quarter.

Despite decline in net sales, operating loss in the first half of 2014 fell 50% to EUR 1.2 million from EUR 2.4 million in the comparable period of 2013. Operating loss excluding nonrecurring items was EUR 0.6 million against loss of 1.0.

It said, reorganising and cost savings implemented in Finland and the United States in 2013 and this year contributed to the improved result.

Marimekko said, “As is typical of the trade, net sales in the first half of the year were low relative to operating expenses for seasonal reasons. Therefore, operating profit will be primarily generated during the second half of the year.”

It added that during the second half of 2014, it will continue to invest in growth while focusing on enhancing the operations of its stores, on improving the overall profitability of its business, and on creating even more attractive design and products.

Fibre2fashion News Desk - India


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

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

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Vikas Banduke

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

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

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?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search