Sales in October decreased by 3 per cent to 718 MSEK (744). Organic sales increased by
2 per cent compared to the previous year. Sales in comparable units and local currency increased by 2 per cent compared to the previous year. Online sales increased by 51 per cent to 58 MSEK (39). Compared to the same month last year, the store network was reduced by 4 stores. At the end of the period the total number of stores was 228 (232).
Distribution of sales Month Accumulated
October Change May-October Change
MSEK
Outside the Nordics* 4 -19% -13% 26 -50% -48%
Total 718 -3% 2% 4 111 -2% 3%
Of which online 58 51% 58% 332 43% 50%
* Affected by store closure in
Total sales for the period May-
Lotta Lyrå, President and CEO: The development of the pandemic and the restrictions applicable on our Nordic home markets continued to have a substantial effect on our business during October. Customer behavior was similar to what we experienced during spring and summer with reduced traffic to our physical stores, especially those in city locations, but with relatively good sales per customer. This is reflected in the organic sales increase of 2 per cent. Total sales, however, decreased by 3 per cent as a consequence of a weaker Norwegian krone. Online sales increased this month by 51 per cent, which is in line with our long-term goal for online sales growth.
For further information, please contact:
This is information that
https://news.cision.com/clas-ohlson/r/organic-growth-for-clas-ohlson-in-october,c3236484
https://mb.cision.com/Main/1116/3236484/1334620.pdf
(c) 2020 Cision. All rights reserved., source