Clas Ohlson sales development in January
Sales in January amounted to SEK 438 M, which is unchanged compared to the corresponding period last year. In local currencies, sales increased 5%. Compared with the same month in 2010, 20 stores have been added and the total number of stores on January 30 2011 was 136. Mail order/Internet sales during the month was SEK 7 M (7).
Sales channels (SEK M):
Percentage Percentage change,
Countries change: local currency:
Sweden 221 (212) + 5% + 5%
Norway 165 (178) - 8% + 1%
Finland 32 (35) - 10% + 3%
UK 20 (13) + 52% + 67%
Total sales during the first nine months (May 2010-January 2011) increased by 4% to SEK 4 664 M (4 478).
The interim report for the third quarter for 2010/11 will be published on March 9 2011.
For more information please contact:
Klas Balkow, CEO and President: +46 (0)247-447 55
John Womack, Director Information & IR: +46 (0)247-444 05
Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster and Norwich.
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