Stockmann without help from Lindex in May sales

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Stockmann had a tough, but expected May sales, with a 11.8 percent decline.

Lindex’ sales went up in central Europe – but suffered from cold weather in the Nordics.

Stockmann’s sales were down by 12.5 percent on the previous year at comparable exchange rates. Euro-denominated sales were down by 15.3 per cent. May had one sales day less than in the previous year in many units due to the timing of Whit Sunday.

Stockmann Retail’s sales were down by 10.1 percent at comparable exchange rates. Euro-denominated sales were down by 12.8 percent. In Finland, sales were down by 11.7 per cent.

”The decline was partly due to withdrawing from the own electronics product category. In women’s, men’s and children’s fashion Stockman’s sales were above the general market development,” says the statement.

In international operations, sales were down by 5.5 percent at comparable exchange rates. Euro-denominated sales were down by 15.6 percent due to the weak rouble.

Lindex’s sales were down by 2.8 per cent at comparable exchange rates. Sales were up in eastern Central Europe but declined in the main market areas in line with the general market development, mainly due to calendar effect and the exceptionally cold weather. Euro-denominated sales were down by 6.4 per cent.

Stockmann Sales (exclusive of VAT) in May

5/2015
EUR mill.
Change-% 1-5/2015
EUR mill.
Change-%
Stockmann Retail, Finland 49.3 -11.7 265.3 -9.2
Stockmann Retail,
international operations
18.1 -15.6 115.0 -18.3
Stockmann Retail, total 67.4 -12.8 380.3 -12.2
Lindex, total 59.0 -6.4 236.5 -4.4
Operations in Finland, total 56.1 -19.5 303.7* -11.6
International operations, total 70.6 -11.6 328.9* -11.9
Stockmann total 126.7 -15.3 632.6* -11.8

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