KappAhl Q3 2016/2017: Another good quarter
“The quarter started cautiously but picked up towards the end. An aggressive market contributed to a higher percentage of discounted sales, which had a negative impact on the margin. Despite this, determined work on our new range strategy and pricing and campaign strategy has led to yet another good quarter...” Read the full CEO statement in the enclosed report.· Sales increased during the quarter by 1.8 per cent and in September-May by 5.5 per cent. · The gross margin was 63.7 (64.9) and was negatively impacted by a higher percentage of clearance sales, changes in the range mix