Clas Ohlson sales development in July
Sales in July amounted to SEK 498 M, which is unchanged compared to the corresponding period last year. In local currencies, sales increased 2%. Compared with the same month in 2009, 13 stores have been added and the total number of stores on July 31 2010 was 121. Mail order/internet sales during the month was SEK 7 M (5).
Sales channels (SEK M):
| Percentage | Percentage change | |||
| Countries | change: | local currency: | ||
| Sweden | 252 | (253) | + 0% | + 0% |
| Norway | 191 | (198) | - 4% | - 2% |
| Finland | 39 | (40) | - 3% | + 10% |
| UK | 16 | (6) | + 179% | + 208% |
Total sales during the first three months (May-July 2010) increased by 3% to SEK 1 324 M (1 288).
The interim report for the first quarter 2010/11 will be published 8 September 2010.
For more information, please contact:
Klas Balkow, CEO and President +46 (0)247-447 55
John Womack, Director Information & IR: +46 (0)70-678 24 99
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 and Leeds.