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Weather causes sales fluctuations for Charles Vögele

Aug '06
Clothing retailer Charles Vögele Group posted net sales of CHF 628 million for the first half of 2006, down from with CHF 665 million in the previous year.

However, the decline in sales of around 6 percent in the first half – caused by the long winter and the cold period at the end of May – was reduced by 4 percent thanks to a marked increase in sales in July.

Thus, the company confirms the corporate goals previously announced for the full business year.

First-half sales and earnings down on the previous year
Charles Vögele Group posted net sales of CHF 627.6 million for the first half of 2006, down from with CHF 664.5 million in the previous year.

Compared to the high comparative figures also influenced by the anniversary of the previous year, this represents a reduction of 5.6 percent.

The good weather that continued into July had a positive impact on consumer behaviour and led to much higher sales in this period. Sales were also helped by the third partial collection introduced for the first time at the end of this season.

As a result, the sales deficit recorded as at 30 June was nearly offset in July, thus creating the prerequisites to reach the goals for the full business year announced in March.

Click here to view complete results.

Charles Vögele Holding AG is a leading independent European clothing retailer with 789 sales outlets in Switzerland, Germany, Austria, Belgium, the Netherlands, Slovenia, Poland and Hungary.

In the first half of 2006 it employed a total of 7 207 people.

Charles Vögele Holding AG

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