KappAhl estimates lower operating profit for the first quarter 2017/2018

KappAhl estimates lower operating profit for the first quarter 2017/2018

 

KappAhl AB (publ.) estimates that their operating profit for the first quarter 2017/2018 will be lower than the first quarter 2016/2017.

Mölndal, Sweden, 2017-Nov-15 — /EPR Retail News/ — Sales during the quarter has not lived up to our expectations so far. This is mainly depending on our price- and campaign strategy that has not given the effect we wished for in the tough market climate during the fall, says KappAhl’s President and CEO Danny Feltmann.

KappAhl estimates that the operating profit for the first quarter 2017/2018 will be approximately 100 MSEK, compared to 145 MSEK for the first quarter 2016/2017.

Sales during the quarter has not lived up to the company’s expectations so far. A lower consumption in general during the warm fall has resulted in reduced traffic.

– With these insights we see that we did not adapt our price- and campaign strategy, aiming to increase full price sales, quickly enough. Going forward we will adjust our price- and campaign strategy at a pace more adapted to the market as well as keeping a continued good cost control, says Danny Feltmann.

KappAhl’s financial report for the first quarter, September-November 2017, will be published as planned on 20 December at 07.30, followed by a telephone conference at 09.00 o’clock the same day.

This information is information that KappAhl AB is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of President and CEO Danny Feltmann on 13 November 2017 at 07.30 CET.

KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

Download file: 17113 KappAhl estimates lower sales during the first quarter

For further information:
Danny Feltmann
President and CEO.
Tel. +46 317 715 661

Anders Bülow
Chairman of the Board of Directors
Tel +46 706 610 988.

For company information and photos:
Charlotte Högberg
Head Corporate Communications
Tel. +46 704 715 631
charlotte.hogberg@kappahl.com

Source: KappAhl

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Anna Karin Holck appointed new VP Customer Experience of the KappAhl Group

Anna Karin Holck appointed new VP Customer Experience of the KappAhl Group

 

Mölndal, Sweden, 2017-Nov-09 — /EPR Retail News/ — Anna Karin Holck has been appointed new Vice President Customer Experience of the KappAhl Group. Since 2013 she is Country Manager of KappAhl Sweden and has before that extensive experience from leadership in the retail industry.

“Anna Karin has a strong commitment to the digital transformation we are in. She has successfully navigated the work of strengthening customer relationships and developing our sales organization in Sweden. I am very pleased that we soon will be taking advantage of her skills and commitment in the entire Group.” says KappAhl’s President and CEO Danny Feltmann.

Anna Karin Holck has been appointed to lead and develop the work within the KappAhl Customer Experience organization. Anna Karin has many years of leadership experience from retail and chain operations, from a strategic and operational perspective. She has previously worked as Sales Director at MQ Retail AB (publ.) and before that she was Retail Manager Specsavers Sweden. She was born in 1968, has a grade in economy from IHM Business School and works as Country Manager Sweden at KappAhl since 2013.

Anna Karin Holck will assume her new position when her successor as Country Manager Sweden has been appointed. In the meantime, KappAhl’s CEO Danny Feltmann is acting Vice President Customer Experience.

KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

For more information:
Danny Feltmann
President and CEO
Tel +46 31 771 5661

Charlotte Högberg
Head Corporate Communications
+46 704 715 631
charlotte.hogberg@kappahl.com

Source: KappAhl

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KappAhl releases Annual & Sustainability Report 2017

KappAhl releases Annual & Sustainability Report 2017

 

Mölndal, Sweden, 2017-Nov-09 — /EPR Retail News/ — In the report, President and CEO Danny Feltmann summarizes the year with the words “We have confirmation that our efforts are having effect and our development work is now continuing at a sustained pace. The pace of investment will continue to be high as we adapt the store network and develop omni-channel services. In addition, Newbie Stores continues to expand in both existing markets and the UK. A guiding star in the ongoing work is the right fashion for our customer, when and how the customer chooses. KappAhl is to be be our customer’s first choice! ”

In brief the past year summes up as follows

  • Success factors including active work on price and campaign strategies and good cost control have affected the result positively. The operating margin was 9,1 per cent.
  • The Newbie brand is successful on its own. Seven new Newbie Stores opened in Sweden, Norway and Finland. It was decided that in the autumn of 2017, Newbie Store will open in Poland and the UK, which was also carried out after the end of the fiscal year.
  • Digital development is moving forward, including customer-appreciated services like Click&Collect and Shop Online in Store.
  • The continued prioritized sustainability work has been strengthened with the new Responsible Fashion sustainability strategy. The proportion of sustainably labelled fashion has increased to 53 (38) per cent. The launch of One Bag Habit together with industry colleagues reduced the use of bags by over fifty percent in the first three months, June-August.

KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

For more information:
Charlotte Högberg
Head Corporate Communications
Tel. 46 (0)704-71 56 31
e-mail charlotte.hogberg@kappahl.com

Source: KappAhl

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KappAhl Group appoints Peter Andersson new CFO from April 2018

KappAhl Group appoints Peter Andersson new CFO from April 2018

 

Mölndal, Sweden, 2017-Nov-01 — /EPR Retail News/ —Peter Andersson has been appointed new CFO of the KappAhl Group effective during April 2018, the latest. Peter Andersson has worked for many years as CFO of AB Lindex, where he currently is Director of Expansion.

“I am very pleased with the recruitment of Peter. His extensive expertise and experience from retail will be a great asset to KappAhl”, says Danny Feltmann, KappAhl’s President and CEO.

As from April 2018 Peter Andersson will lead and develop the financial work of the KappAhl Group. He was born in 1964, is a trained economist with an MBA from the University of Gothenburg. Peter has many years of international experience from the retail business out of strategic and operational perspective as well as qualified work in financial and risk management. He has previously worked for ICA Handlarna AB. Since 2001, Peter Andersson has been employed at AB Lindex, where he has been CFO for many years and where he, since the summer of 2017, is Director of Expansion.

Prior to the appointment of Peter Andersson, Torbjörn Gustafsson, who is responsible of the Group Controller function at KappAhl, will be acting CFO for the time until an external interim solution is in place. This is expected to take place in December.

This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 10.00 CET on 31 October 2017.

KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

For more information:
Danny Feltmann
President and CEO.
Tel +46 31 771 5661

Charlotte Högberg
Head Corporate Communications
+46 704 715 631
charlotte.hogberg@kappahl.com

Source: KappAhl Group

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KappAhl to release full year result 2016/2017 on Thursday 12 October

Mölndal, Sweden, 2017-Oct-05 — /EPR Retail News/ — A presentation of the report will be held for analysts, the media and investors on the same day at 09:00 (CET) at Helio T-House Engelbrektsplan 1 in Stockholm. The report will be presented by Danny Feltmann, President and CEO, and Anders Düring, CFO.

Please announce participation for the event via e-mail hearings@financialhearings.com.

The presentation will be held in English and will also be live webcasted at www.kappahl.com, via the subtitle “Investor Relations”, choose “Reports & presentations”. Questions can be asked via the teleconference or via the webcast. It is also possible to listen to the webcast afterwards at the same web address.

To participate, please call 5 minutes before the opening of the conference:

Sweden +46 8 5644 2690
Great Britain +44 203 008 9804

Please sign up for your participation here. (No pre-registration required for participation via webcast or conference call).

KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2015/2016 totaled SEK 4.7 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

For further information, please contact:
Charlotte Högberg
Head Corporate Communications
tel 46 (0)70 471 56 31
email charlotte.hogberg@kappahl.com

Source: KappAhl

KappAhls appoints Glenda Marevind new Brand & Marketing Manager

KappAhls appoints Glenda Marevind new Brand & Marketing Manager

 

Mölndal, Sweden, 2017-Aug-23 — /EPR Retail News/ — Glenda Marevind is KappAhls new Brand & Marketing Manager since mid August.

I am very pleased to welcome Glenda to KappAhl. She has the right experience and attitude on how to best continue the work of strengthening the relationship and communication with our customer, on both current and future arenas”, says CEO Danny Feltmann.

From mid-August Glenda Marevind is leading the work of further developing the KappAhl brand and marketing, in her role as Brand & Marketing Manager. Before this Glenda worked at media agency MEC and has earlier worked many years in the Lindex Group with concept, brand and communication issues, amongst others as Marketing Manager.

“I am looking forward to contribute to the exciting journey that KappAhl has undertaken. We are to be best at meeting and inspiring our customer based on her needs and buying behavior”, says Glenda Marevind.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 370 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. More than half of the range is sustainability labelled. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For more information:
Glenda Marevind
Brand & Marketing Manager
Tel +46 704 715 752
glenda.marevind@kappahl.com.

Charlotte Högberg
Head Corporate Communications
Tel. +46 704 71 56 31
charlotte.hogberg@kappahl.com.

Source: kappahl

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KappAhl CFO Anders Düring to leave the Group

Mölndal, Sweden, 2017-Jul-27 — /EPR Retail News/ — Anders Düring will leave his position as CFO and member of the KappAhl Group Management in favor of a position outside of KappAhl. The company has initiated a recruitment process to find his successor.

Anders Düring remains as CFO during his term of notice.

“I regret that Anders chooses to leave KappAhl but understand and respect his decision. Anders has had a constructive and important role in the change process that has taken place over the past years,” says Danny Feltmann, President and CEO of KappAhl.

This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of President and CEO Danny Feltmann, at 08.45 pm CET on 24 July 2017.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 370 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. More than half of the range is sustainability labelled. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For further information:
Danny Feltmann
President & CEO
Tel 46 31 771 5661.

Source: KappAhl

KappAhl to announce its third quarter 2016/2017 results on Thursday 29 June

Mölndal, Sweden, 2017-Jun-22 — /EPR Retail News/ — A teleconference will be held on the same day, for analysts, media and investors, at 09.00 (CET). The report will be presented by Danny Feltmann, President and CEO and Anders Düring, CFO.

The presentation will be held in English and will also be live webcasted at www.kappahl.com, under “Investor Relations”, choose “Reports & presentations”. Questions can be asked via the teleconference or via the webcast. It is also possible to listen to the webcast afterwards at the same address.

To participate, please call 5 minutes before the opening of the conference:
Sweden +46 (0)8 566 426 62
Great Britain +44 203 008 9804

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. More than half of the range is sustainability labelled. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

Press contacts:
Charlotte Högberg
Head Corporate Communications
tel 46 (0)70 471 56 31
email: charlotte.hogberg@kappahl.com

Source:  KappAhl

KappAhl announces reorganization; merges Marketing and Retail functions

Mölndal, Sweden, 2017-Mar-14 — /EPR Retail News/ — KappAhl carries out a reorganization that involves the merging of the functions Marketing and Retail.

As a result of this a new role, Vice President Customer Experience, will be recruited. The new position will be held by President and CEO, Danny Feltmann, during the introduction of the new organization.

The current Vice President Marketing, Joakim Holmstrand, will leave the company in August 2017.

For further information, please contact

Charlotte Högberg, Head Corporate Communications, tel 46 (0)70 471 56 31, email charlotte.hogberg@kappahl.com

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

SOURCE: KappAhl

KappAhl releases its combined financial annual and sustainability report

Mölndal, Sweden, 2016-Nov-09 — /EPR Retail News/ — Today (2016-11-08) KappAhl publishes its Annual Report for the fiscal year 2015/2016. Again this year, the fashion chain has chosen to combine the financial annual report and the sustainability report.

In brief the past year summes up as follows:

  •  A major change effort has taken shape and KappAhl’s earnings have gone up.
  • The driving forces were developing KappAhl’s customer offer, strengthening the gross margin and continued cost control
  •  Success factors included a gradual clarification of the assortment as well as altered and active work on price and campaign strategies.
  •  The continued prioritized sustainability work included reinforcements by new routines and roles in the sustainability organization and by investing in education for the design and purchasing departments. The aim is to strengthen the sustainability efforts further in the design phase.

In the Annual Report CEO Danny Feltmann comments the past year with “It has been a year when we through major joint operations have reversed a negative trend. Together, we have increased sales and strengthened our operating margin. It is a good starting point as we tackle fiscal year 2016/2017.”

The Annual Report published today is the Swedish version. The English version will be published on 24 November. The Annual Report is produced in two parts. Part 1 describes the business including the sustainablity work and is available to download as well as to order printed copies of at www.kappahl.com/ir. Part 2 is available to download on www.kappahl.com/ir and includes the official Annual Report, the GRI Index, the materiality analysis and corporate governance report, etc.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For further information, please contact:
Charlotte Högberg
Head Corporate Communications
tel: 46 (0)70 471 56 31
email: charlotte.hogberg@kappahl.com

Source: KappAhl