KAPPAHL’S SALES DEC-JAN
Sales development from the first quarter continues. During the period December 2011-January 2012 gross margin declined by 5 percentage points and sales in comparable stores fell by 8 percent, compared to the same period last year. For the first quarter, September-November 2011, sales in comparable stores was-13.9 percent.– The second quarter is traditionally a quarter with lower inflow of new goods and relatively high proportion of sale of goods delivered during the autumn. This means we bring the performance from the first quarter. At the same time, we see that the drop in revenue