Home / Knowledge / News / Apparel/Garments / Kappahl sales improve 6.3% in Q2FY19

Kappahl sales improve 6.3% in Q2FY19

22
Mar '19
Pic: Kappahl
Pic: Kappahl
Kappahl, a leading fashion chain, has reported net sales of SEK 1,185 million in the second quarter of fiscal 2019, an increase of 6.3 per cent from the corresponding quarter of last year. This rise is with effect changes in comparable stores, 2.9 per cent; new and closed stores, 1.7 per cent; and currency translation differences totaling 1.7 per cent.

"Childrenswear sales have continued to grow and Newbie continues to be strong. Womenswear has successively improved during the quarter and we see that Menswear has a more integrated and attractive offer today than a year ago. Our e-commerce sales increased in the first quarter by 14 per cent and made up over five per cent of Kappahl’s total sales. More than half of e-commerce was supplied via Click&Collect, which also contributed to extra sales in stores," said Peter Andersson, chief financial officer and acting president/CEO.

In the first half of 2019, net sales were SEK 2,379 million for the half year. This is an increase of 4.3 per cent compared with the previous year. This is due to change in comparable stores of 0.5 per cent, new and closed stores, 1.6 per cent; and currency translation differences totaling 2.2 per cent.

At the close of the second quarter, the total number of stores was 380, of which 27 Newbie Store. Of the total number of stores there were 182 in Sweden, 101 in Norway, 61 in Finland, 29 in Poland and 7 in the United Kingdom.

"KappAhl’s sales in the second quarter increased by 6.3 per cent compared with the previous year. We are taking market share in all markets and seeing how the changes in the supply chain and offer that we carried out started to have an effect. Sales for the quarter were marked by a more balanced offer in which both the Christmas trade and subsequent clearance sales had a good structure. Continued negative impact of tough competitive pressure, Christmas trade that got under way later due to Black Friday and the ever-earlier clearance sale start meant a period of discounted sales that was somewhat more extensive than previous years. Full-price sales at the start of the season were satisfactory, very much thanks to well-filled stores and a broader range," Andersson said.

KappAhl is also focusing to invest in strengthening the customer experience, in store and online, and to create an even more relevant and attractive offer for our customers. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Fashion | On 2nd Dec 2020

Fashion industry suffering worst year on record: report

Global fashion sales and economic profit—a measure of value where...

Pic: Global Fashion Agenda

Apparel/Garments | On 2nd Dec 2020

GFA launches Circular Fashion Partnership in Bangladesh

Denmark-based sustainability forum Global Fashion Agenda (GFA)...

Pic: Shutterstock

Textiles | On 2nd Dec 2020

Pakistan's textile & apparel exports up 3.78% in July-Oct

The value of textile and garment exports from Pakistan rose by 3.78...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

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

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


December 2020

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


Advanced Search