Clas Ohlson sales development in October

Sales rose 5% in October to SEK 531 M (504). In local currencies, sales increased 5%. Compared with the same month in 2010, 23 stores have been added and the total number of stores on October 31 2011 was 149. Mail order/Internet sales during the month was SEK 9 M.

Sales channels (SEK M):

Countries: Percentage change/Percentage change local currency:

Sweden: 247 (250) - 1% / - 1%

Norway: 220 (199) + 10% / + 7%

Finland: 42 (37) + 14% / + 16%

UK: 22 (18) + 28% / + 30%

Total sales during the first six months (May-October 2011) increased by 7% to SEK 2,940 M (2,758).

The Q2-report for 2011/12 will be published on December 8 2011.

Clas Ohlson AB 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 : CisionWire
www.cisionwire.com/clas-ohlson/r/clas-ohlson-sales-development-in-october,c9186783