KappAhl news and archive

Kappahl Q1 sales improve by 2.4 percent

Kappahl said that its net sales for the first quarter amounted to 1,194 million Swedish krona (132 million dollars), an increase of 2.4 percent. The company said, this is explained by the negative 1.8 percent effect of changes in comparable store sales, 1.6 percent impact of new and closed stores, and currency translation differences totalling...

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Peter Andersson appointed acting CEO of Kappahl

The board of directors of Kappahl AB has appointed Kappahl’s CFO, Peter Andersson, as acting CEO until the new President and CEO, Elisabeth Peregi assumes her position during the spring of 2019. The company said in a statement, Göran Bille, who has been acting CEO of Kappahl since the 15 of June 2018, has decided not to extend his temporary...

ManagementFeatured

Leading fashion chains join the “Swedish textile initiative for climate action"

To achieve key sustainability goals, leading Swedish fashion chains such as H&M, Kappahl, Peak Performance among others, have joined hands with The Sustainable Fashion Academy for the "Swedish textile initiative for climate action" (STICA). Through this initiative, these apparel companies would focus on reducing their climate impact by at least...

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Elisabeth Peregi to join as new CEO of Kappahl

Elisabeth Peregi has been appointed new President and CEO at Kappahl. The company said, Peregi, who has a solid leadership and retail experience from positions at Lindex, will take up her new position during the spring of 2019. “I am very pleased to welcome Elisabeth Peregi to Kappahl. With her wide expertise and industry experience, she has...

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Kappahl announces departure of Maria Segergren, VP assortment and design

Kappahl has announced that Maria Segergren will leave her position as vice president assortment and design during the spring of 2019, after terminating her time of notice. “During her time at Kappahl, Maria has contributed developing the design- and purchasing processes in a way that will benefit Kappahl for a long time to come,” said Göran...

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Kappahl posts 3.2 percent decline in full year net sales

Kappahl’s net sales for the fourth quarter amounted to 1,239 million Swedish krona (137 million dollars), a decrease of 0.7 percent affected by 1.6 percent drop in comparable store sales, 1.9 percent negative impact of new and closed stores, and currency translation differences totalling 2.8 percent. For the full year, net sales were 4,760...

Management

Kappahl records 2.1 percent increase in Q3 net sales

Kappahl’s net sales for the third quarter amounted to 1,242 million Swedish krona (139.7 million dollars), an increase of 2.1 percent driven by the change in comparable stores of 2.7 percent; 2.6 percent negative effect of new and closed stores, and currency translation differences totalling 2 percent. Hover over the graph to learn more. “The...

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Göran Bille replaces Danny Feltmann as acting CEO of Kappahl

The board of directors of Kappahl AB has appointed Göran Bille as acting CEO with immediate effect to replace Danny Feltmann. The company said, Feltmann is leaving the business as a consequence of having different views on the company's development and priorities and that the process for recruiting a new CEO begins immediately. “The board of...

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Kappahl becomes member of the Sustainable Apparel Coalition

To help accelerate the development of sustainable working methods and solutions in the fashion industry, Swedish fashion chain Kappahl has said that the company has now become a member of the Sustainable Apparel Coalition (SAC). “We are committed to continuing to play an active role in driving the system changes that need to be made in our...

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Kappahl to open two new Newbie stores in the UK

Swedish childrenswear brand Newbie launched by Kappahl in 2010 is spreading its footprint in the UK. The company said, in April Newbie store will open in Bluewater and another one in Westfield London White City shopping centres bringing the brand’s UK footprint to four stores and e-commerce, with 20 stores in total in the UK, Sweden, Norway,...

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Kappahl's Q2 sales decrease 6.2 percent

In the second quarter of 2017/2018 Kappahl's sales decreased by 6.2 percent to 1,115 million Swedish krona (135.4 million dollars). The gross margin was 58.8 percent compared to 58.9 percent and the operating profit was 5 million Swedish krona compared to 47 million Swedish krona in the same quarter last year. Kappahl's net sales were 2,280...

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Kappahl's Q1 sales drop 7.5 percent

Kappahl’s net sales for the quarter amounted to 1,166 million Swedish krona (139 million dollars), a decrease of 7.5 percent. The company said, the effect of new and closed stores on the total sales was negative 1.2 percent, change in comparable stores was negative 5.3 percent and translation differences in currencies totalled a negative 1...