Clas Ohlson sales development in January

Clas Ohlson sales rose 11% in January to SEK 487 M (438). In local currencies, sales increased 11%. Compared with the same month in 2011, 16 stores have been added and the total number of stores on January 31 2012 was 152. Mail order/Internet sales during the month was SEK 7 M (7).

Sales channels (SEK M):

Countries: Percentage change / Percentage change (local currency):

Sweden: 229 (221) +4% / +4%

Norway: 199 (165) +21% / +20%

Finland: 40 (32) +27% / +28%

UK: 19 (42) -4% / -5%

Total sales during the first nine months (May-January 2012) increased by 7% to SEK 4,988 M (4,664).

The Q3-report for 2011/12 will be published on March 8 2012.

Clas Ohlson AB (STO:CLASB) is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland.

In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster and Norwich.

Source : Clas Ohlsen
www.cisionwire.com/clas-ohlson/r/clas-ohlson-sales-development-in-january,c9220059