Lindex 1H2016: revenue increased by 3.8 percent in comparable stores

Gothenburg, Sweden, 2016-Aug-16 — /EPR Retail News/ — Lindex is doing well and that is evident when the fashion company today presents the best result for the second quarter and the best sales so far, both for the first six months and for the second quarter.

Lindex revenue increased during the first six months of the year by 3.8 percent in comparable stores.  A strong summer collection and a successful summer campaign resulted in a positive increase in sales and during the second quarter Lindex revenue increased by 4.3 percent in comparable stores.

Our strong result and good sales development is proof that our customers appreciate Lindex inspiring and affordable fashion. It’s great to see that our efforts to clarify our fashion concepts and collections as well as strengthening the Lindex brand is showing results, says Ingvar Larsson Lindex CEO.

Lindex women’s wear assortment increased the most in sales and Lindex gained markets shares in all Nordic countries. The fashion company shows a strengthened margin with increased full price sales as well as a good cost control.

”At Lindex the customer is always in focus and should feel welcome, inspired and proud of her purchases. We are always developing our offer and is expecting an eventful autumn with the launch of several new initiatives that we hope our customers will appreciate”, says Ingvar Larsson.

If you want to know more about the eventful autumn at Lindex, please contact:

Miriam Tjernström
Press Relations Manager, Lindex
Phone: 46 (0)31 739 50 60

Source: Lindex

Al Meera’s sales in 1H2016 grew 10.6%, from QR 1.22 billion to QR 1.35 billion vs the same period in 2015

QATAR, 2016-Aug-15 — /EPR Retail News/ — Al Meera Consumer Goods Company (QSC) recently disclosed its semi-annual financial statements for the period ended June 30, 2016, with net profit attributable to the owners of the company amounting to QR 102.4 million.

Commenting on the company’s achievement, Al Meera stated that for the first half of the year, the company recorded gross profit of QR 215.4 million, representing an 8.0% increase, despite a drop in gross profit percentage from 16.3% (last period) to 16.0% (this period). Meanwhile, gross shops rental income increased by 50.1% from QR 23.3 million last year, to QR 34.9 million this year. Al Meera’s operating income also increased by 10.6% compared to the same period in 2015.

Al Meera’s sales for the first half of this year grew 10.6%, from QR 1.22 billion to QR 1.35 billion, compared to the same period in 2015.

These financial results come as a result of Al Meera’s expansion plans to serve the diverse communities in the state of Qatar and meet the needs of all citizens and residents wherever they are, with competitive prices that take into account all segments of society.

As of June 30, 2016, total equity stood at QR 1.33 billion on a capital base of QR 200 million, and earnings per share for the period was QR 5.12, a 1.5% increase from H1 2015.

Since its inception in 2005, Al Meera has reflected the natural evolution of cooperative enterprises, which were established during the last thirty years to meet the different needs of the Qatari community. Throughout the company’s decade-long history, Al Meera has remained committed to providing high quality products and services to its customers at competitive prices in a distinctive and ethical way.

Al Meera has proudly made progress in all areas, including developing an expansion strategy that matches with the Qatar National Vision 2030’s urban development plans. And today, Al Meera is pleased to announce that it is in the process of finishing the final stages for opening 5 stores out of the 14 announced last year, which are due to be open in the near future in Bu Sidra, North Sailiya (Al Miarad), Al Wakra (West), Leaibab 2, and Um Salal Ali.

Al Meera’s new community malls are constructed in a modern and contemporary design. Each mall includes a supermarket, along with shops, restaurants and other stores. The malls are also constructed in accordance with international standards and equipped with the latest interior designs and lighting systems that ensure a distinctive shopping experience.

To view the Interim Condensed Consolidated Financial Statements and Independent Auditor’s review report for the six month period ended June 30, 2016 (Statement), click here

Tel: 40119111 – 40119112
Fax: +974 40119186

Source: Al Meera