×
227
Fashion Jobs
PAUL SMITH
Junior Art Director - Japan
Permanent · TOKYO
360 TALENT LONDON
Senior Sales Executive
Permanent · LONDON
PAUL SMITH
Franchise Regional Executive
Permanent · LONDON
CONFIDENTIAL
Kidswear Area Manager - UK Market
Permanent · LONDON
BURBERRY
Retail Training Manager Emeia
Permanent · LONDON
CALZEDONIA GROUP
Key Holder
Permanent · LONDON
DR MARTENS - AIRWAIR INTERNATIONAL
Footwear Purchasing And Planning Aid
Permanent · WOLLASTON
HOMEGOODS
Loss Prevention Detective
Permanent · Edina
FMC. THORNAES
Student Internship
Internship · LONDON
BIMBA Y LOLA
40h Sales Assistant Richmond
Permanent · LONDON
PYOU
Sales Assistant - Womenswear Brand - London
Fixed-term · LONDON
NAMED MODELS
Booking Assistant Internship
Internship · LONDON
CLAUDIE PIERLOT UK
Sales Assistant - 30h - Permanent - Manchester - UK Nord m/f
Permanent · MANCHESTER
CHRISTIAN DIOR COUTURE
Full Time Sales Consultant Dublin (Ireland)
Permanent · DUBLIN
CHRISTIAN DIOR COUTURE
Full-Time Sales Consultant - Selfridges, London (Permanent)
Permanent · LONDON
BA&SH
Sales Assistant - Full Time - Harvey Nichols - London
Permanent · LONDON
STEPHANIE JACKSON RECRUITMENT.
Customer Care Associate (Zen Desk - Head Office)
Permanent · LONDON
DAUPHIN
Wholesale & Finance Assistant
Internship · LONDON
STEPHANIE JACKSON RECRUITMENT.
Cashier Full Time (Temp to Perm*)
Fixed-term · LONDON
STEPHANIE JACKSON RECRUITMENT.
Sales Associate Full Time (Temp to Perm*)
Fixed-term · LONDON
STEPHANIE JACKSON RECRUITMENT.
Sales Associate (Bicester Village)
Temp/seasonal · BICESTER
THORNAES FASHION MARKETING CONSULTING
Sales And Marketing Internship
Internship · LONDON
Advertisements
Published
May 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stockmann revenue falls, but losses narrow

Published
May 5, 2021

Stockmann, the Finnish retail group that also owns the Lindex chain, said its consolidated revenue fell 7.1% currency-neutral in the first three months of the year, dropping to €155.7 million.


Lindex



But its gross margin rose to 56.3% from 54.2% and the operating loss was slightly smaller year-on-year at €27.7 million (it had been €27.8 million a year earlier). On an adjusted basis, the operating loss shrank even further to €21.1 million from €26.7 million.

CEO Jari Latvanen hailed the fact that the firm improved its performance, even despite the pandemic having a big effect during the hurter compared to a smaller effect a year ago. The firm was helped by “strong growth” in its e-commerce operations this time round.

Both the Stockmann and Lindex divisions showed buoyant digital growth through their own webstores. The Stockmann division's online sales “improved significantly” and the major Crazy Days sales campaign in March “slightly exceeded last year”.

Lindex also did well in collaboration with partners’ e-tail platforms. And its gross margin improved due to favourable currency effects, together with successful stock handling and better intake margins. 

The company went through a restructuring process last year and this completed in early February this year. It means the firm is continuing with its department store operations and with Lindex but is selling and leasing back its department store properties in Helsinki, Tallinn and Riga.

Stockmann gave no guidance for the rest of the year due to ongoing uncertainty because of the pandemic. It said the coronavirus “is still causing significant changes in Stockmann Group’s operating environment and customer volumes”. And while e-tail has been strong, it hasn’t been able to make up for sales lost through physical stores.

Copyright © 2021 FashionNetwork.com All rights reserved.