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    Finnish retailer Stockman achieves positive revenue in Q3

    Finnish retailer Stockmannplc reports sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    “Lindex has produced excellent results due to increased sales in all markets and business areas and very high gross margins. In-store sales increased due to increased visitor numbers and in online stores. Continued to develop strongly. ” Stockmann CEO Jari Latvanen, Said in a press release.

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    Lindex’s performance remained strong in all markets and business areas, with sales up 15.7% to € 168.9 million (€ 146 million). The company is focusing on Lindex’s multi-channel development for future global growth.

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    Meanwhile, Stockman sales increased 11.7% to € 68.9 million (€ 61.6 million). This was due to a 13.6% increase in in-store sales in the third quarter, which ended September 30. 2021.

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    “For the first time since the fourth quarter of 2019, the Stockman division has achieved positive results just above zero. In-store sales clearly increased in the third quarter, changing the balance between sales channels. Both channels showed healthy growth during the quarter. Riga delicatessen was closed for two months, refurbished and then reopened in September, “added Latvanen.

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    In the third quarter of 2009, fashion retailers’ gross profit margin rose to 59.5 million euros (57.4 million euros) and net profit surged to 23.3 million euros (3.3 million euros).

    Finnish retailer Stockmannplc reported sales of € 237.8 million in the third quarter of 2009, up 12.0% from € 207.6 million in the year-ago quarter. .. The company’s earnings (EBIT) for the quarter more than doubled to € 33.2 million (Q3 2010: € 14.3 million).

    “Uncertainty in the global economy is expected to continue throughout 2021, and the COVID-19 pandemic will continue to have a significant impact on economies around the world until the coronavirus situation is better controlled. The retail market is expected to remain tough due to changes in consumer behavior and confidence, which will also be affected by the coronavirus situation, “the company said in its 2009 outlook.

    Fiber2Fashion News Desk (JL)

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    Finnish retailer Stockman achieves positive revenue in Q3

    Source link Finnish retailer Stockman achieves positive revenue in Q3

    The post Finnish retailer Stockman achieves positive revenue in Q3 appeared first on Eminetra.

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