Top News - Industry

RNB (Retail and Brands) have just had another year of losses. Even though they were lower than last year so were sales.

When the H&M group reported their sales for September 2009 it was obvious that they were hit hard by the warm weather that occurred in most of their markets.

In March 2009 Åhlengruppen and RNB signed a deal that gave Åhléns the right to buy RNB´s shops (Department and Stores Europe, DSE) at NK in Stockholm and Gothenburg. The deal will now be tried in court in Stockholm.

Fashion retailer Kappahl reported increased sales during their fourth quarter that last from June to August.

H&M increased sales as well as profit during the first nine month period of the year. Sales were not up as much as expected due to low summer sales estimates.

Well it wasn´t really  the sales cause as we still remember the sales on shoes and clothes were phenomenal this summer, but as always they affected the total revenues.

The quick index from the Swedish Retailers Association (Svensk Handel) shows that sales of clothes and shoes in July is in line with what was predicted – fantastic.

It has been two years since Investment Company “Proventus” took over Swedish fashion company J.Lindeberg and now it finally seems as if the figures are going the right way.

People that say that fashion and figures are two different things do not know what they are talking about. The Swedish fashion companies might still be small in an international comparison but they are growing.

Gul & Blå announced today that they will cancel their license agreement with Heart of Jeans AB immediately.