Swedish fashion retailer KappAhl offered up mixed Q2 results on Wednesday, reporting a “satisfactory” kick-off to last season with full-price sales doing reasonably well due to “well-filled stores and a broader offer.”
Under-pressure KappAhl was upbeat on Wednesday as it reported higher Q1 sales, and said it outperformed the market, even as margins dipped, profits fell and it had to invest more time and money in driving sales upwards.
The management changes are continuing at KappAhl with the board on Friday naming its CFO Peter Andersson as acting CEO until the new President and CEO, Elisabeth Peregi, assumes her position during the spring of 2019.
Swedish fashion retailer KappAhl may have seen plenty of upheaval in recent periods, but its performance seems to be improving and Q3 delivered reasonably good news with the company saying that it’s “back on track”.
KappAhl has opened a concept driven pop-up store for its Newbie kids chain on the King’s Road in London. It's the Swedish company’s fifth UK store but rather than being just a regular branch, it focuses on innovation.
KappAhl's CEO has quit by mutual agreement with the company saying it's all about opposing strategic visions. And while it said the move isn't based on poor results, it's undeniable that the company has underperformed.
Swedish fashion retailer KappAhl reported its half-year results on Friday and they didn’t make happy reading. Bad weather, heavy discounts and collections that didn’t prove as popular as hoped all dented its figures.