Lindex: Sales Increased by 9 Per Cent.Business & Retail Editors ALINGSAS, Sweden--(BUSINESS WIRE)--Jan. 19, 2000 The European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. retail chain Lindex's sales in the first quarter, 1 September September: see month. - 30 November 1999, of the financial year increased by 9 per cent to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,019M (931), approx. US$ 120m ( 110m) despite a record warm September, when sales of autumn clothing are normally strong. Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. rose by 1.7 per cent (7.7) and new store sales by 7.8 per cent (6.4). The full Q1 report (to be found on our webpage www.lindex.se. ) contains the following high-lights:
-- Lindex continues to capture market shares on all geographic
markets.
-- In the same period, operating profit fell to SEK 74M (79),
whereas profit after financial items was unchanged SEK 79M (79).
The results were affected by a charge to profit (sales - costs)
for the establishment in Germany of SEK 22M (14) for the first
quarter.
-- In total, 13 (11) new stores were opened during the first quarter
of the financial year, of which 5 (3) in Germany.
-- Lindex Care - cosmetics and body care products - will be launched
in 6-8 stores in Norway during spring 2000.
-- Strong sales trend during December 1999.
Lindex is a retail chain with 296 stores on the Nordic market and 17 stores in Germany. The Group's product segments are ladies' wear, lingerie, children's clothing and Lindex Care - cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). and body care products. Lindex has been listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. since 1995. Interim Report for the first six months of the 1999/2000 financial year will be published on 30 March 2000. |
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