Stockmann lost sales in February

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Despite an extra day in February, Stockmann’s sales were down by 2.9 percent in February.

 Lindex grew by 3.2 percent.

The Stockmann Group’s sales in February were down by 2.9 percent and amounted
to 72.1 million EUR  in the continuing product areas and businesses.

The Group’s total sales in February were 77.9 million EUR . Due to the leap year, February
had one sales day more than in the previous year.
Stockmann Retail’s sales in the continuing product areas and businesses were down by 10.4 percent. Sales grew in cosmetics but were down the most in the home product area. In Finland, sales were down by 11.0 percent and by 6.5 percent in the Baltic countries.

Lindex’s sales were up 3.2 percent at comparable exchange rates. Sales Increased particularly in the main markets Sweden and Norway. Euro-denominated sales were up 2.7 percent, or 5.0 percent excluding Russia.

 

Sales (exclusive of VAT) in February

2/2016
EUR mill.
Change-%* 1-2/2016
EUR mill.
Change-%*
Stockmann Retail, Finland 28.9 -11.0 % 62.4 -10.8 %
Stockmann Retail, international operations 5.4 -6.5 % 12.5 -7.2 %
Stockmann Retail, total 34.2 -10.4 % 74.8 -10.2 %
Lindex, total 37.9 5.0 % 82.2 6.7 %
Group, Finland, total 33.0 -10.0 % 71.5 -10.0 %
Group, international operations, total 39.1 4.0 % 85.6 5.6 %
Stockmann Group, total* 72.1 -2.9 %