Weaker-than-expected trend within RNB’s JC and J-Store store concepts; Mikael Solberg appointed acting President
During the autumn 2007 season, RNB’s JC and J-Store store concepts experienced a weaker-than-expected sales trend, noting a decrease of 10% compared with the corresponding period in the preceding year. The autumn 2007 collections did not satisfy customer expectations. On the other hand, the other operations within RNB developed essentially as planned.RNB’s President and Chief Executive Officer, Mikael Solberg, has been appointed acting President of JC, succeeding Cecilia Tufvesson Marlow, who has decided to leave the company. Mikael Solberg will take office immediately, at the same time as