Stockmann lost more sales in November

      Comments Off on Stockmann lost more sales in November

Stockmann’s turnover is decreasing, even after the divestment of several branches. After excluding Seppälä and divested branches in the department stores, sales in November were down by 0.8 percent.

Lindex is the star of the family, with a 5.3 percent increase in November.

So far this year, Stockmann is 14 percent down compared to last year. Stockmann has during the year divested Seppälä and the Academic Bookstore and withdrawn from own electronics offering in its department stores.

In November the sales, excluding Seppälä and books and electronics in the department stores, were down by 0.8 percent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales excluding Seppälä, books and electronics were down by 3.0 percent.

November had one sales day more than in the previous year in Finland due to the timing of All Saints’ Day.

Stockmann Retail’s sales, excluding books and electronics in the department stores, were down by 5.2 percent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales, excluding books and electronics, were down by 8.5 percent.

In Finland, department stores’ sales excluding books and electronics were up 1.3 percent. Sales grew particularly well in the fashion product area. Sales including all product areas and Hobby Hall were down by 14.0 percent.

In international operations sales were down by 8.7 percent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales were down by 19.2 percent.

Sweden based fashion chain Lindex’s sales were up 7.8 percent at comparable exchange rates. Sales increased particularly well in the biggest market, Sweden. Euro-denominated sales were up 5.3 percent.

The Stockmann Group’s total sales amounted to 118.0 million EUR  in November 2015. The Group’s sales figures include merchandise sales exclusive VAT in Stockmann Retail’s and Fashion Chains’ stores. The figure does not include other operating income such as rental income or service fees.

Sales (exclusive of VAT) in November

11/2015
EUR mill.
Change-% 1-11/2015
EUR mill.
Change-%
Stockmann Retail, Finland 49.4 -14.0 557.9 -11.0
Stockmann Retail,
international operations
17.9 -19.2 241.9 -20.3
Stockmann Retail, total 67.4 -15.5 799.7 -14.0
Lindex, total 50.6 5.3 573.4 -0.6
Operations in Finland, total* 55.0 -18.1 633.2 -15.3
Operations in Finland, excl. Seppälä 55.0 -12.5 621.3 -10.0
International operations, total* 63.0 -5.1 756.1 -10.2
International operations, excl. Seppälä 62.9 -3.0 751.9 -8.0
Stockmann, total* 118.0 -11.6 1 389.3 -12.6
Stockmann, total excl. Seppälä 118.0 -7.7 1 373.1 -8.9

* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.