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Archive | Fashion

Exterior view of H&M store in Stockholm, Sweden. Photographer: Mattias Bardå/H&M

H&M December sales stronger than expected

The H&M group’s sales including VAT increased by 10 percent in local currencies in December 2015 compared to the same month last year. The increase was lower than in the same period last year but beat analysts’ expectations of 8.6 percent. The trading shares immediately went up over 3 percent. The total number of stores amounted […]

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Stockmann to fight 19.6 million extra taxation in Finland and Sweden

The Stockmann Group has received tax reassessment decisions from the Finnish and Swedish tax authorities requiring the Group companies to pay 19.6 million EUR in additional taxes, including punitive tax increases and related interest. Stockmann says in a statement it considers the decisions unfounded and will appeal against them. (more…)

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Indiska applies for reconstruction

Indiska has submitted an application for reconstruction. A weak autumn and Christmas sales have worsened the situation of the pressed fashion and interior design chain. “In order to realize Indiska’s potential, we need to jointly implement the change plan developed and it is only possible during a reconstruction,” says newly appointed CEO David Rönnberg. Several unprofitable stores […]

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NA-KD 2015-12-23 kl. 01.57.36

New online market place to offer free platform and logistics for fashion stores

The new fashion online site NA-KD has now acquired retailer number three and four as they buy up two online stores Inspo and Imso, both of which sell clothes to young women. Meanwhile, founder Jarno Vanhatapio reveals more about the strategy behind NA-KD – that in addition to pure acquisitions will offer a full-scale e-commerce platform – from IT […]

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Magnus Hakansson

RNB beat the warm autumn

RNB’s positive profit improvement trend continued in the first financial quarter . Even through the warm autumn weather and Swedish terror threat. ”My view remains that the strong momentum, which has spanned the entire operations for a long time, will continue,” comments CEO Magnus Håkansson. (more…)

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MQ reports constantly increasing sales

Again, MQ reports strong sales growth and increased earnings. MQ’s increased sales the first financial quarter. Likewise, earnings are continuing to develop positively. Net sales amounted to 382 MSEK (357), an increase of 7.0 percent. Operating profit amounted to 42 MSEK (39), corresponding to an operating margin of 10.9 percent (10.9). Profit after tax amounted […]

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Stylepit 2015-12-15 kl. 12.03.04

Holch Povlsen: I do not know what it will be like to operate a business like Stylepit

Anders Holch Povlsen, who sits on a 83 percent stake in the internet fashion store Stylepit says he is prepared to invest the work it takes to get Stylepit back on its feet. ”There is no trick or easy shortcuts to reverse the company, but we are fortunately not work-shy, says Anders Holch Povlsen to Berlingske Business. (more…)

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David Rönnberg

Indiska recruits external CEO

Fashion and interior decorating chain Indiska takes in an external CEO. Current president, Sofie Gunolf, takes a step back to become manager for purchasing and production. “The company has huge potential and I am glad of the opportunity and confidence to work with Sofie and the rest of the founding family to develop Indiska,” says David Rönnberg. […]

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Stockholm’s premium shopping street to offer one-hour home delivery

Bibliotekstan, Stockholm’s premium shopping district, will from today until Christmas eve offer home delivery within an hour from the local shops. ”We are pleased to collaborate with urb-it and see it as an excellent opportunity for Bibliotekstan’s stores to offer additional services to their customers,” says Louise Kihlberg, Marketing Director of Hufvudstaden. 15 brand stores […]

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Nelly-founder acquires Rut & Circle

Jarno Vanhatapio, founder of e-commerce sites and, acquires the Rut & Circle-operations, including the brands, e-commerce store and wholesale business through his new company NA-KD. “Agents, dealers or customers will not notice much difference in the business. Neither the price or fashion scene will change. It’s business as usual! “says Jarno Vanhatapio. (more…)

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H&M sales up 12 percent

H&M reports a continuned double digit sales increase. The H&M group’s sales including VAT increased by 12 percent in local currencies in October 2015 compared to the same month last year. The total number of stores amounted to 3,807 on 31 October 2015 compared to 3,437 on 31 October 2014.

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23 JC-stores to leave the chain

Fashion chain JC Jeans & Clothes will lose every fourth store from next year. 23 Swedish stores break out from JC to start the new chain Jeansbolaget. ”Our agreement expired at the end of March and we have tried to negotiate but not managed to get a new contract,” says Tobias Frick who is the CEO of the […]

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Trend upwards for Swedish specialist fashion retail

Swedish style index from Svensk Handel Stil show that October-sales of clothing from specialist retailers, measured in comparable units and in current prices, increased by 8.7 percent compared with the same month last year. The corresponding figure for sales in shoe stores show an increase of 5.5 percent. ”If sales have been worse we’d surely be […]

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Norwegian Christmas shopping estimated to increase by 3.5 percent

The Norwegian Retail trade in December this year is estimated to increase by 3.5 percent. Overall the country’s retail businesses will be traded for just under 55.5 billion NOK in the last month, according to Virke’s forecast. ”It means that every inhabitant on average will spend little more than 10 700 NOK in the country’s retail businesses in […]

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After RnB’s success year – targets Norway and China

RnB, Retail and Brands’, positive profit improvement trend is continuing, especially within Brothers and Polarn o Pyret concepts. ”RNB has displayed an unbroken positive earnings trend with sales increases in six consecutive quarters,” says CEO Magnus Håkansson. Now, the company targets Norway and China for expansion of Polarn o Pyret. (more…)

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