KappAhl first quarter 2017/2018: Lower sales as competition toughens
“…Sales during the quarter did not live up to our expectations... The strategy of changing the price and campaign structure has not lived up to our expectations in the same way as in the previous year, in part due to a tougher market climate. Our assessment is that it is partly due to warmer weather during the autumn, but also a change in purchasing behaviors with accelerated online shopping.” Read the full CEO statement in the enclosed report.· Sales decreased by 7.5 per cent to SEK 1,166 (1,261) million during the quarter and the gross margin decreased by 0.7 percentage points to 64.6 (