Stockmann Group’s sales in September and the Crazy Days campaign in October 2015
Helsinki, Finland, 2015-10-13 10:30 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 13.10.2015 at 11:30 EET
The Stockmann Group’s sales amounted to EUR 111.7 million in September 2015. At comparable exchange rates, sales excluding Seppälä were down by 2.5 per cent. The Russian rouble weakened in September by 52.5 per cent compared on the previous year, and as a result, euro-denominated sales excluding Seppälä were down by 8.4 per cent.
Stockmann Retail’s sales were down by 10.9 per cent at comparable exchange rates. Due to the weak Russian rouble, euro-denominated sales were down by 17.7 per cent.
In Finland, sales were down by 11.3 per cent. The decline was mainly due to withdrawing from the own electronics product category. Excluding electronics, department stores’ sales were down 4 per cent. Stockmann’s sales in fashion were, however, better than the weak general fashion market development.
In international operations, sales were down by 9.5 per cent at comparable exchange rates. Due to the significantly weaker Russian rouble, euro-denominated sales were down by 31.3 per cent.
Lindex’s sales were up 6.9 per cent at comparable exchange rates. Sales increased in most of the markets, and particularly well in the biggest market, Sweden. Euro-denominated sales were up 3.9 per cent.
Crazy Days campaign in October
The Crazy Days campaign was held in the Stockmann department stores and online store on 7–11 October. Campaign sales were up 4.0 percent at comparable exchange rates, excluding the product categories from which Stockmann has withdrawn (electronics and books). Sales performance was particularly strong in Finland both in online and department stores, and fashion and food achieved the best growth of all product categories.
The campaign’s comparable sales were up 1.1 per cent in Finland, but were down by 3.6 per cent in the Baltic countries. In Russia, the sales in rouble were up 14.5 per cent, but euro-denominated sales were down by 17.9 per cent. The total euro-denominated sales were down by 5.4 per cent due to the weak rouble.
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 September
|Stockmann Retail, Finland||42.0||-11.3||434.8||-9.2|
|Stockmann Retail, total||57.1||-17.7||619.4||-12.9|
|Operations in Finland, total*||47.4||-17.5||498.7||-13.9|
|Operations in Finland, excl. Seppälä||47.4||-10.2||486.8||-8.3|
|International operations, total*||64.3||-9.5||602.4||-10.9|
|International operations, excl. Seppälä||64.3||-7.0||598.2||-8.6|
|Stockmann, total*||111.7||-13.1||1 101.1||-12.3|
|Stockmann, total excl. Seppälä||111.7||-8.4||1 085.0||-8.5|
* Includes Seppälä until 31 March 2015.
Change-%: change compared with the corresponding period of the previous year.
Lauri Veijalainen, CFO, tel. +358 9 121 5062