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Kappahl will close the stores after key loss

Sales rose to 1.185 million, from 1.115 million a year earlier. ”We are taking share in all markets and see how the changes in the flow of goods and the offer

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Kappahl will close the stores after key loss

Sales rose to 1.185 million, from 1.115 million a year earlier.

”We are taking share in all markets and see how the changes in the flow of goods and the offer that we made beginning to have an impact”, writes Peter Andersson, chief financial officer and acting ceo, in the report.

Link to the graphics

Kappahl will close about 20 stores during the coming year, in order to improve the results by more than sek 100 million. The company announces also that approximately 50 services to be cut away, including a 40-speech at the head office and distribution centre in Mölndal.

the stock rose by over 8% in connection with the report.

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