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CEO buys shares in Coala-Life Group AB (publ)

Coala Life's CEO, Dan Pitulia, acquired 300,000 shares on August 23, 2022 at a total value of approximately 0,64 MSEK, with an average price per share of 2.13 SEK. The shares were acquired on Nasdaq First North Growth Market. Following the acquisition, Dan Pitulia owns a total of 3,811,279 shares, corresponding to 4.80 percent of…

Interview with Coala Life’s CEO, Dan Pitulia on the acquisition of Vitrics Management Group Inc and the Q2 report

Investors, analysts and journalists are invited to watch an interview with CEO Dan Pitulia that covers the acquisition of Vitrics and the Q2 report, led by Jessica Grunewald, analyst at Redeye. The interview can be viewed via the following link:https://redeye-3.wistia.com/medias/mnm4dyu7lq About us Coala Life is a medical device company founded in Sweden focusing on cloud-based…

Coala-Life Group AB quarter two 2022

Second quarter 2022 Net sales increased to SEK 1.6 M (0.9). EBITDA totaled SEK -40.7 M (-9.0). Operating income totaled SEK -41.4 M (-9.8). Profit after tax was SEK -38.5 M (-9.8). Earnings per share was SEK -0.6 (-4.8). Cash flow from operating activities was SEK -50.9 M (-10.2). The period, January 1, 2022 –…

Correction: CEO buys shares in Coala-Life Group AB (publ)

Correction refers to reference to incorrect date changed in this press release: CEO buys shares in Coala-Life Group AB (publ) Coala Life's CEO, Dan Pitulia, acquired 100,000 shares on July 15, 2022 at a total value of approximately 0,245 MSEK, with an average price per share of 2,4550 SEK. The shares were acquired on Nasdaq…

CEO buys shares in Coala-Life Group AB (publ)

Coala Life's CEO, Dan Pitulia, acquired 100,000 shares on June 15, 2022 at a total value of approximately 0,245 MSEK, with an average price per share of 2,4550 SEK. The shares were acquired on Nasdaq First North Growth Market. Following the acquisition, Dan Pitulia owns a total of 3,511,279 shares, corresponding to 4.42 percent of…

Coala Life is pleased to announce the launch of our new website.

We encourage everyone to visit and explore the website! https://www.coalalife.com/en/ Our goal with this new website is to create a more user-friendly experience and give our visitors an easy way to discover more about our services and the solutions we can offer. A more modern look, simplified navigation, responsive layout for smartphone users, and more…

CEO buys shares in Coala-Life Group AB (publ)

Coala Life’s CEO, Dan Pitulia, acquired 500,000 shares on June 9, 2022 at a total value of approximately 1,6 MSEK, with an average price per share of 3.2277 SEK. The shares were acquired on Nasdaq First North Growth Market.

Coala-Life Group AB quarterly report one 2022

First quarter 2022 Net sales increased to SEK 1.8 M (1.3). EBITDA totaled SEK -26.9 M (-13.0). Operating income totaled SEK -28.0 M (-13.8). Profit after tax was SEK -27.8 M (-13.9). Earnings per share was SEK -0.8 (-6.8). Cash flow from operating activities was SEK -35.4 M (-14.3). Events in the period On February…

Coala Life presents Q1 report via live webcast

On May 24, 2022, Coala Life will publish its report for the first quarter of 2022. On the same day at 09.00 CEST, investors, analysts and journalists are invited to a webcast where CEO Dan Pitulia presents the report and latest updates from the market followed by a question-and-answer session led by Erik Nordström, analyst…

Coala-Life Group raises SEK 150 million in a rights issue

The subscription period of the rights issue in Coala-Life Group AB (publ) (”Coala-Life Group” or the ”Company”) ended on 11 April 2022. 36,514,460 shares, corresponding to approximately 82.7 percent of the offered shares, were subscribed for by exercise of subscription rights. Additionally, subscription applications corresponding to 2,531,844 shares, equivalent of…

Extraordinary general meeting held in Coala-Life Group AB (publ)

At the extraordinary general meeting in Coala-Life Group AB (publ) (the “Company”) held today, on 14 March 2022, the following resolutions were passed in accordance with the proposals presented in the notice to attend the meeting and in the complete proposals on the implementation of incentive programmes kept available at…

Coala Life presents at the Redeye Artificial Intelligence Seminar 2022

On March 16 at 1.50pm, Dan Pitulia, CEO of Coala Life will present the latest developments in the company at Redeye. The presentation is live broadcasted and can be followed at https://us02web.zoom.us/j/86991641341?pwd=WGx2V0c1aXkvbVhBQTdhdWhESGZiUT09 where the replay and the presentations will be available afterwards. About us Coala Life is a medical device company founded in Sweden focusing…

Coala-Life Group AB Interim Report January-December 2021

Fourth quarter 2021 Net sales increased to SEK 1.0 M (0.2). EBITDA totaled SEK -118.0 (-15.7). Operating income totaled SEK -120.5 M (-16.5). Profit after tax was SEK -111.0 M (-16.6). Earnings in the period totaled SEK -111.0 M (-16.6). Earnings per share (weighted average) was SEK -6.1 (-8.1). Cash flow from operating activities was…

Coala-Life Group AB postpones the publication of the 2021 annual report to March 15

The annual report for 2021 will be published on Tuesday, March 15, 2022, against previously communicated time on February 23, 2022. About us Coala Life is a medical device company founded in Sweden focusing on cloud-based cardiac and pulmonary diagnostics. The company has developed and launched the Coala Heart Monitor – a multi-award winning, FDA-cleared…

Health economic analysis by Swedish Dental and Pharmaceutical Benefits Agency shows cost-effectiveness of using Coala Heart Monitor Pro in primary care

The Swedish Dental and Pharmaceutical Benefits Agency (TLV) has, at the request of the Medical Technology Product Council (MTP), carried out a Health economic analysis of Coala Heart Monitor Pro for remote monitoring and diagnosis of atrial fibrillation. The results have now been published by TLV with the conclusion that…

RedEye publishes analyst report of Coala Life

The analyst report is avaialble on the web of RedEyes and Coala Lifes. The analyst report is also available as attached PDF-file. About us Coala Life is a medical device company founded in Sweden focusing on cloud-based cardiac and pulmonary diagnostics. The company has developed and launched the Coala Heart Monitor – a multi-award winning,…

The remaining 2,765,608 new shares in RNB Retail and Brand’s new share issue against payment in kind has today been subscribed and paid for through contribution of the remaining shares in Coala-Life

On 8 November 2021, RNB Retail and Brands AB (the “Company”) completed the acquisition of Coala-Life AB (”Coala-Life”), as communicated on 27 September 2021, and announced that all conditions for the acquisition had been fulfilled. On 8 November 2021, the Company’s board of directors, by virtue of an authorisation granted by the extraordinary general meeting…

Coala Life started trading on Nasdaq First North

Today trade in Coala Life began after RNB Retail and Brands ("RNB") completed the acquisition and Nasdaq approved the company for listing on First North. RNB is now changing its name to Coala-Life Group AB and Coala Life's board, CEO and management will take over. About us Coala Life is a medical device company founded…

Completion: RNB Retail and Brands sets record date for aggregation of shares

On October 29, 2021, RNB Retail and Brands AB (“RNB” or “the Company”) published a press release with information that the record date for the aggregation of the Company's shares, whereby the number of shares in the Company is reduced by adding 50 shares to one share, had been determined. until 5 November 2021. The…

RNB Retail and Brands sets the record date for the aggregation of shares

At today's Extraordinary General Meeting of RNB Retail and Brands AB (“RNB” or “the Company”), it was decided to merge the Company's shares, whereby the number of shares in the Company is reduced by adding 50 shares to one share. The Extraordinary General Meeting authorized the Board to determine the record date for the merger.…

RNB Retail and Brands receives conditional approval to delist the company’s share from Nasdaq Stockholm

RNB Retail and Brands AB (“RNB” or “the Company”) announced in a press release on October 26, 2021 that RNB's Board of Directors has decided to apply for delisting of the Company's share from Nasdaq Stockholm. RNB has today received approval to delist the Company's share from Nasdaq Stockholm. Nasdaq Stockholm's approval is conditional on…

RNB Retail and Brands AB meets the listing requirements for Nasdaq First North Growth Market and publishes company description of Coala-Life AB

RNB Retail and Brands AB ("RNB" or "the Company") announces that Nasdaq Stockholm AB has today announced that the Company meets the listing requirements for Nasdaq First North Growth Market. RNB today also publishes the company description prepared in connection with the transaction that RNB published in a press release on 27 September 2021, whereby…

RNB Retail and Brands AB and Coala-Life AB enter into lock-up agreements with shareholders whose ownership amounts to 51 percent of the total number of shares

Due to RNB Retail and Brands AB's (“RNB” or “the Company”) acquisition of Coala-Life AB (“Coala Life”) through a non-cash issue, which was communicated by the Company on September 27, 2021, certain shareholders in Coala Life and in RNB has entered into so-called lock-up agreements with customary terms. According to the agreement, owners who will…

RNB RETAIL AND BRANDS SELLS BROTHERS

RNB RNB Retail and Brands AB has today agreed to sell Brothers to Jotunfjell Partners for SEK 10 million in purchase price. RNB Retail and Brands AB has previously informed about the process for creating independent subsidiaries in the Group and finally selling the subsidiaries to stable and suitable owners. After divesting the operations in…

NEW CFO OF RNB RETAIL AND BRANDS

RNB Retail and Brands AB has appointed Richard Roa as Chief Financial Officer (CFO). Richard has a MSc in Business and Economics from Stockholm University and is currently Interim Group Business Controller at RNB. Richard will take office on November 1, 2021. Richard Roa has worked at RNB since 2019. Richard has a MSc in…

The fourth quarter September 1, 2020 – August 31, 2021

Increased sales for Brothers The number of visitors and sales in Brothers’ stores continued to increase in the quarter. Brothers’ sales increased sharply on the third quarter and sales outperformed the forecast for several months, leading to low stock levels. The Group continued its focus on finding solutions for the…

RNB Retail and Brands AB instigates written procedure in order to approve the extension of the deferral of certain interest payments

RNB Retail and Brands AB (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). The purpose of the Written Procedure is to, inter alia, approve that the period of deferral…

Information from extra general meeting of RNB Retail and Brands

On Tuesday, August 10, 2021, RNB Retail and Brands AB (the “Company”) held an extra General Meeting (EGM) under the chairmanship of lawyer Johan Wigh. With the support of Sections 20 and 22 of the Act (2020: 198) on temporary exemptions to facilitate the conduct of company general and association general meetings, the EGM was…

Information about RNB’s continued process of reviewing the company’s future

As informed in RNB Retail and Brands AB (the “Company")'s most recent quarterly reports, the company is reviewing the possibilities of continuing as an independent listed company. This work examines several different alternatives, including acquiring complementary operations by issuing new shares or selling existing operations and acquiring new operations. The company is also investigating the…

Interim Report 1 September 2020 – 31 May 2021

A brighter spring for Brothers The quarter returned a welcome increase in customer numbers and sales for Brothers. Sales increased sharply compared to the second quarter and Brothers increased it’s market share in men’s fashion. The progress continued in June. The divestment of Polarn O. Pyret was completed in the…

NOTICE OF EXTRAORDINARY GENERAL MEETING OF RNB RETAIL AND BRANDS AB

The shareholders of RNB Retail and Brands AB (the “Company”) are hereby summoned to an Extraordinary General Meeting on Tuesday, August 10, 2021. With the support of Sections 20 and 22 of the Act (2020:198) on temporary exemptions to facilitate the conduct of general and association meetings, the Company's Board has decided that the meeting…

Invitation to Q3 presentation on 1 July

RNB RETAIL AND BRANDS will announce the third quarter results (March 2020 – May 2021) on Thursday 1 July. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…

Interim Report 1 September 2020 – 28 February 2021

Focus on divestment Following focused efforts to identify new owners of the subsidiaries, Departments & Stores (including Man of a kind) was divested in February and Polarn O. Pyret in March. The focus is now on finding a good solution for the remaining parts of the Group with RNB and…

RNB CLOSES DIVESTMENT OF POLARN O. PYRET

RNB Retail and Brands AB has today closed the divestment of Polarn O. Pyret to Procuritas. RNB Retail and Brands AB has previously announced the process to separate the group subsidiaries with the aim to ultimately divest the subsidiaries to stable and suitable owners. The divestment of Polarn O. Pyret, announced on March 10, 2021,…

RNB RETAIL AND BRANDS AB (PUBL) instigates written procedure in order to approve the sale of POP and resolve on certain amendments to the Finance Documents

RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). By way of a press release on 10 March 2021, the Company announced that it…

RNB Retail and Brands AB (publ) issues SEK 85,000,000 perpetual capital notes by way of set-off against amounts owing to the noteholders under the senior notes

As resolved in the written procedure for which notice was distributed on 26 February 2021 RNB Retail and Brands AB (publ) (the "Issuer") has today issued SEK 85,000,000 subordinated perpetual floating rate callable capital notes ("Perpetual Capital Notes"). The Perpetual Capital Notes were issued to the noteholders of the Issuer's senior secured floating rate notes…

RNB TO SELL POLARN O. PYRET TO PROCURITAS

RNB Retail and Brands AB (publ) has today reached an agreement to sell Polarn O. Pyret to Procuritas for a preliminary value of SEK 330 million on a cash and debt-free basis. RNB Retail and Brands AB has previously announced a process to separate the group subsidiaries and ultimately divest the subsidiaries to stable and…

RNB Retail and Brands AB (publ) announces the result of the written procedure instigated on 26 February 2021

On 26 February 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions of the…

Invitation to Q2 presentation on 15 April

RNB RETAIL AND BRANDS will announce the second quarter results (December 2020 – February 2021) on Thursday 15 April. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…

RNB RETAIL AND BRANDS AB (PUBL) instigates written procedure in order to extend the Payment Block and resolve on conversion

RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). The purpose of the Written Procedure is to, inter alia, extend the current Payment Block…

RNB Retail and Brands AB (publ) announces the result of the written procedure instigated on 27 January 2021

On 27 January 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's up to SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure"). As described in the notice of Written Procedure…

RNB RETAIL AND BRANDS AB (PUBL) instigates a written procedure in order to waive certain provisions in the Terms and Conditions of its outstanding senior secured notes

RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") in order to waive certain provisions in the terms and conditions of the Notes (the "Terms and Conditions"). Earlier today, the Company announced, by way of a press release, that it has…

RNB TO SELL DEPARTMENTS & STORES OPERATIONS TO NK

RNB Retail and Brands AB (publ) today announces that it has reached an agreement with NK Retail AB for the sale of the assets of Departments & Stores for a preliminary value of SEK 58 million. RNB Retail and Brands AB has previously announced a process to separate the group subsidiaries and ultimately divest the…

RNB Retail and Brands AB (publ) announces the result of the written procedure instigated on 11 January 2021

On 11 January 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's up to SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms…

RNB RETAIL AND BRANDS AB (PUBL) instigates a written procedure in order to extend the Payment Block Event and make certain amendments to the Intercreditor Agreement

RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions") and the terms of the intercreditor agreement originally dated 5 February 2018 entered into between,…

Information from AGM of RNB RETAIL AND BRANDS

Information from AGM of RNB RETAIL AND BRANDS On Tuesday, December 22, 2020, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) under the chairmanship of the Chairman of the Board Per Thunell. With the support of Sections 20 and 22 of the Act (2020: 198) on temporary exemptions to facilitate the conduct of…

Interim report 1 September 2020 – 30 November 2020

Focus on the future Polarn O. Pyret’s sales were positive and operating income increased. RNB’s focus on e-commerce paid off – e-commerce sales as a proportion of total rolling 12-month sales were up in the quarter, totaling 19 percent. Polarn O. Pyret is at the top of the league with…

Invitation to Q1 presentation on 22 December

RNB RETAIL AND BRANDS will announce the first quarter results (September 2020 – November 2020) on Tuesday 22 December. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…

Notification

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to the Annual General Meeting on Tuesday 22 December 2020. With the support of Sections 20 and 22 of the Act (2020: 198) on temporary exemptions to facilitate the conduct of  company general and association general meetings, the Company's Board has decided that…

The corporate reorganisations in RNB Retail and Brands’ subsidiaries are completed

The approved composition proposals from RNB Retail and Brands AB (publ) subsidiaries Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB have gained legal force and the corporate reorganizations are completed. On October 16, the Stockholm District Court upheld the submitted composition proposals from Brothers AB, Departments & Stores Europe AB and…

RNB Retail and Brands AB (publ) announces the result of the written procedure instigated on 6 October 2020

On 6 October 2020 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's up to SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms…

Year-end report 1 September 2019 – 31 August 2020

Corporate restructuring ends The coronavirus crisis continued to affect RNB in the fourth quarter, although to a lesser extent than in the third quarter. The corporate restructuring has proceeded according to plan, including operational changes, and the companies are now in good shape as the process comes to an end…

Stockholm District Court has accepted the settlement proposal put forward by the subsidiaries of RNB Retail and Brands AB (publ)

During a creditors’ meeting today, Stockholm District Court accepted the settlement proposal put forward by the subsidiaries of RNB Retail and Brands AB (publ) – Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB. The creditors also accepted the proposal. The decision by Stockholm District Court entails that the corporate reorganization, that…

The Stockholm District Court approves RNB Retail and Brands subsidiaries´ requests for extending corporate reorganisation

The corporate reorganisations in RNB Retail and Brands AB (publ) subsidiaries Departments & Stores Europe AB, Polarn O. Pyret AB and Brothers AB are allowed to continue until 23 December 2020. Stockholm District Court has today decided that the corporate reorganisations may continue for another three months, i.e. until 23 December 2020. Stockholm District Court…

RNB RETAIL AND BRANDS AB (PUBL) announces the result of the written procedure instigated 17 September 2020

On 17 September 2020 RNB RETAIL AND BRANDS AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on the noteholders' approval of the composition proposal…

RNB RETAIL AND BRANDS AB (PUBL) instigates a written procedure to amend the period for the Payment Block Event which has been continuing since the Company Reconstruction

RNB RETAIL AND BRANDS AB (publ) (the "Company") have earlier, through a press release on 23 March 2020, announced that its subsidiaries, Departments & Stores Europe AB Reg. No. 556541-8778, Polarn O. Pyret Aktiebolag Reg. No. 556235-7383 and Brothers AB, Reg. No. 556513-6826  applied for company reconstruction in Stockholm District Court (the "Company Reconstruction"). The…

Invitation to Q4 presentation on 22 October

RNB RETAIL AND BRANDS will announce the fourth quarter results (September 2019 – August 2020) on Thursday 22 October. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…

RNB’s subsidiaries submit a request for composition negotiations

RNB Retail and Brands AB (publ) subsidiaries Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB have today submitted requests for composition negotiations and extension of the corporate reorganization to the Stockholm District Court. The composition offers were presented on 1 July and entail for all companies that the non-priority creditors receive…

RNB instigates a written procedure to approve composition proposal in certain subsidiaries

RNB RETAIL AND BRANDS AB (publ) (the "Company") has earlier, through a pressrelease on 1 July 2020, announced that its subsidiaries, Departments & Stores Europe AB Reg. No. 556541-8778, Polarn O. Pyret Aktiebolag Reg. No. 556235-7383 and Brothers AB, Reg. No. 556513-6826 (the "Subsidiaries") at Stockholm District Court have presented a composition proposal to the…

RNB Retail and Brands AB (publ) announces the result of the written procedure instigated 7 August 2020

On 7 August 2020 RNB RETAIL AND BRANDS AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions…

New CEO of Brothers

RNB Retail and Brands' Brothers business area changes CEO. Lina Söderqvist, current CEO of Brothers, has chosen to leave Brothers and will be replaced by Brothers' current Deputy CEO/Assortment Director Christopher Englinde. Christopher will take office on September 1, 2020. “Lina Söderqvist has in an excellent way led the work of developing an updated customer-focused…

RNB Retail and Brands AB (publ) instigates a written procedure to amend the period for the Payment Block Event which has been continuing since the Company Reconstruction

RNB RETAIL AND BRANDS AB (publ) (the "Company") have earlier, through a pressrelease on 23 March 2020, announced that its subsidiaries, Departments & Stores Europe AB Reg. No. 556541-8778, Polarn O. Pyret Aktiebolag Reg. No. 556235-7383 and Brothers AB, Reg. No. 556513-6826 applied for company reconstruction in Stockholm District Court (the "Company Reconstruction"). The Company…

The Stockholm District Court approves RNB Retail and Brands subsidiaries´ requests for extending corporate reorganisation

The Stockholm District Court has decided to grant extend of RNB Retail and Brands AB (publ) subsidiaries Departments & Stores Europe AB, Polarn O. Pyret AB and Brothers AB corporate reorganisations until September 23, 2020. “We presented the proposed arrangements with creditors on 1 July and the aim is to conclude the corporate reorganisations during…

Interim Report 1 September 2019 – 31 May 2020

A quarter with significant changes The quarter was characterized by significantly lower store sales, while e-commerce sales grew. The sector’s shift towards online sales accelerated in the quarter. PO.P’s e-commerce sales increased by nearly 200 percent, and the fully digital Man of a kind by close to 100 percent. The…

RNB’s subsidiaries submit draft settlement proposals

RNB Retail and Brands AB (publ) subsidiaries Brothers AB, Departments & Stores Europe AB och Polarn O. Pyret AB have today presented to Stockholm's district court the proposals that the companies will submit to the creditors. The settlement proposals mean settlement of SEK 10,000 and 25 per cent on excess amounts for the subsidiaries' non-priority…

RNB subsidiaries apply to extend company reorganisations

RNB Retail and Brands AB (publ) subsidiaries have today to the Stockholm District Court applied to extend their ongoing company reorganisations (Sw. företagsrekonstruktioner). In the same applications the Companies petitioned a deferral to, and including, July 1, 2020 to complete the applications. By that date at the latest, the companies will present settlement proposals to…

Invitation to Q3 presentation on 8 July

RNB RETAIL AND BRANDS will announce the third quarter results (September 2019 – May 2020) on Wednesday 8 July. The reporting date has been moved because of the work on the subsidiaries' corporate restructuring. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and…

The Stockholm District Court approves RNB Retail and Brands subsidiaries´ requests for extending corporate reorganisation

The Stockholm District Court has today decided to grant extend of RNB Retail and Brands AB (publ) subsidiaries Departments & Stores Europe AB, Polarn O. Pyret AB and Brothers AB corporate reorganisations until June 23, 2020. “We are humble before the decisions to continue the corporate reorganisations. The decisions provide us with opportunity to continue…

Stockholm District Court has granted company reorganization for Departments & Stores Europe AB, Polarn O. Pyret AB and Brothers AB.

The Stockholm District Court has today granted the applications for company reorganization for the companies Departments & Stores Europe AB, Polarn O. Pyret AB and Brothers AB.   Today RNB announced that the Board of Directors of the Company had applied for company reorganization for the subsidiaries Departments & Stores Europe AB (”Departments & Stores),…

RNB has today applied for Company Reorganisation for the subsidiaries Brothers, Departments & Stores and Polarn O. Pyret

RNB Retail and Brands AB (publ) today announces that the Board of Directors of the Company has applied for company reorganization (Sw. företagsrekonstruktion) for the subsidiaries Departments & Stores Europe AB ("Departments & Stores"), Polarn O. Pyret AB ("Polarn O. Pyret") and Brothers AB ( "Brothers") (together "the Companies") at the Stockholm District Court. During…

Interim Report 1 September 2019 – 29 February 2020

             SECOND QUARTER, DECEMBER 1, 2019 – FEBRUARY 29, 2020 IN SUMMARY Net sales decreased to SEK 561 M (604). Comparable sales for the Group on all national markets decreased by -11.6 percent. Sales for comparable units in Sweden decreased by -9.4 percent, compared to the market upturn of 0.1 percent.…

Invitation to Q2 presentation on 23 March

RNB RETAIL AND BRANDS will announce its second quarter results (September 2019 – February 2020) on Monday 23 March.   RNB RETAIL AND BRANDS invites investors, analysts and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be…

New CEO of Polarn O. Pyret

RNB Retail and Brand's business area Polarn O. Pyret has appointed Johan Munck as acting CEO from February 7, 2020. Johan thus replaces Nanna Hedlund. The change is being made as the company needs a different CEO profile to address the financial challenges facing the company. Johan has a solid and broad experience from some…

New CEO of Departments & Stores

RNB Retail and Brands AB’s business area Departments & Stores has appointed Lars Jungerth as new CEO from January 14, 2020. Lars thus replaces Yvonne Magnusson. The change is made as the requirements have changed as the separation work regarding the operations within the RNB Group is now completed.

Information from AGM of RNB RETAIL AND BRANDS

Adoption of income statement and balance sheet and resolution concerning discharge from liability The AGM adopted the income statement and balance sheet for the Parent company and the consolidated income statement and consolidated balance sheet for the fiscal year that started September 1, 2018 and ended August 31, 2019. The AGM discharges the members of…

Interim Report 1 September 2019 – 30 November 2019

Positive earnings for Man of a kind RNB started e-commerce in the luxury segment for men, Man of a kind in 2016. During the quarter, a very important milestone was reached by the quarterly results reaching black figures for the first time. The focus has been on full price sales…

Notification

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to the Annual General Meeting on Thursday, December 19, 2019 at 5:00 p.m. at Drottninggatan 33 in Stockholm, Sweden.

Boards of RNB’s business areas

Following the separation of the business areas, the board of RNB Retail and Brands AB (publ) proposes new compositions of members of the business areas’ boards from mid-December 2019.

Extraordinary general meeting

On Wednesday, October 30, 2019, RNB RETAIL AND BRANDS AB (publ) held an Extraordinary General Meeting on Drottninggatan 33 in Stockholm, Sweden, chaired by attorney Thomas Dahlin.

Decided changes to the bond

RNB RETAIL AND BRANDS AB (PUBL) (“RNB” or the “Company”) proposed changes to the Company’s outstanding bond (ISIN: SE0010625830) (the “Bond”) have been approved.

Year-end report 1 September 2018 – 31 August 2019

Negative restructuring effects Lower net sales but e-commerce growth continued in the quarter. Discount-driven sales squeezed gross margins and profit. Restructuring work continues at a steady rate but affected business operations. Operating income before restructuring expenses and impairment of goodwill was SEK -32 M (3) in the quarter.

Notice Extraordinary General Meeting in RNB RETAIL AND BRANDS AB (publ)

The shareholders of RNB RETAIL AND BRANDS AB (publ), reg. no. 556495-4682 (the “Company”) are hereby summoned to an Extraordinary General Meeting on 30 October 2019 at 10: a.m. at the Company’s premises at Drottninggatan 33, in Stockholm, Sweden. Notification of attendance Shareholders who wish to attend the Extraordinary General Meeting must be registered in…

Preliminary results for RNB’s fourth quarter 2018/19

The operating result for RNB Retail and Brands AB (“RNB”) in the fourth quarter of 2018/19 is estimated to be approximately between SEK -35 and -39 million compared with SEK -3 million for the fourth quarter of 2017/18. In addition, operating result for the fourth quarter will be adversely affected…

Extraordinary general meeting

On Monday, August 12, 2019, RNB RETAIL AND BRANDS AB (publ) held an Extraordinary General Meeting on Drottninggatan 33 in Stockholm, Sweden, chaired by attorney Henric Levin.

Notification extraordinary general meeting

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to an extraordinary general meeting on Monday August 12, 2019 at 10:00 a.m. in the company’s premises at Drottninggatan 33, level 4 in Stockholm, Sweden.

Interim Report 1 September 2018 – 31 May 2019

Group restructuring continues Net sales increased and e-commerce growth continued in the quarter. Weak comparable sales still outperformed the market. Discount-driven sales continued to pressure gross margins and profit. The Group restructuring is now fully underway and ownership changes are being considered in the fall. Operating income before restructuring expenses…

CEO for Departments & Stores

Agreement has been reached that Yvonne Magnusson, currently interim CEO, will become permanent CEO for Departments & Stores as of April 2, 2019.

Interim report 1 September 2018 – 28 February 2019

Continued increased e-com in a mixed quarter RNB’s sales continued to outperform the clothing and fashion sector on all national markets also in the second quarter. Growth in e-commerce remained strong across all concepts, up more than 40% in the quarter. Discount-driven sales pressured gross margins and profit. The restructuring…

Interim Report 1 September 2018 – 30 November 2018

Increased sales for RNB RNB’s sales increased in the first quarter. The trend from the previous quarter continued, with sales growth outperforming the clothing and fashion sector in Sweden as a whole. Sales on other national markets also increased in the quarter. Growth in e-commerce was strong with an increase…

Annual report 2017- 2018

This English version of the Annual Report 2017/2018 is available as a downloadable PDF. This information is information that RNB RETAIL AND BRANDS AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 17:00 CET on 22 November 2018. For further information, please contact: Kristian Lustin,…

Notice of Annual General Meeting

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to the Annual General Meeting on Thursday, December 20, 2018 at 5:00 p.m. at Drottninggatan 33 in Stockholm, Sweden.

Year-end report 1 September 2017 – 31 August 2018

Reorientation work takes effect The sales in Sweden outperformed the market as a whole in the fourth quarter. E-commerce continued to growth significantly during the quarter and the growth for the full year was 51% and amounted to SEK 160 million in sales. The underlying trend also continued for the…

Interim report for the period 1 September 2017 – 31 May 2018

Increased earnings and stronger e-commerce sales E-commerce sales continued to increase sharply, and were up by 65% in the quarter year on year. Brothers’ e-commerce sales doubled in the quarter. Polarn O. Pyret’s e-commerce sales increased by more than 40% in the quarter, with e-commerce comprising 16% of total net…

Invitation to Q3 presentation on 27 June

RNB RETAIL AND BRANDS will announce its third quarter results (September 2017 – May 2018) on Wednesday 27 June at 07.00 (CET). RNB RETAIL AND BRANDS invites investors, analysts and media to a presentation of the quarterly report, where CEO Magnus Håkansson and CFO Kristian Lustin comment on the report. The presentation will be held…

Admission to trading of RNB’s notes at Nasdaq Stockholm

RNB Retail and Brands AB (publ) (the "Company") announced on 16 March 2018 a prospectus regarding senior secured notes with a maturity of 3 years and a frame of SEK 600 M (the "Notes"). As of today, SEK 400 M has been issued. The Company's intention to apply for listing and admission to trading of…

Interim Report 1 September 2017 – 28 February 2018

RNB gains market share The transformation from physical proprietary stores to e-commerce seem to have accelerated lately. Polarn O. Pyret, which has progressed the furthest in its adaptation, increased both sales and earnings. Brothers returned increased comparable sales in the quarter and is developing and adapting on the back of…

Increased sales and positiveearnings performance in December

RNB Retail and Brands AB (publ) (the “Company”) announced on January 22, 2018 that the Company contemplates the issuance of senior secured notes. A series of investor meetings will commence on January 24, 2018. As a result, the Company chooses to announce a mid-quarter update with the December development.

RNB contemplates the issuance of senior secured notes

RNB Retail and Brands AB (publ) (the “Company”) contemplates the issuance of senior secured notes and has mandated Danske Bank as Lead Manager and adviser to explore the conditions for a capital markets issue. A series of investor meetings will commence on January 24, 2018.

Interim report 1 September – 30 November 2017

Rapid progress in e-commerce RNB is increasing the pace of its digital transformation by investing in technology and competences, and by developing its omni-channel offerings further. Sales in comparable Swedish stores increased in the quarter, outperforming the market significantly. E-commerce sales continued to grow. Earnings in the first quarter were…

Annual report 2016 – 2017

The English version of the Annual Report 2016/2017 is available as a downloadable PDF. This information is information that RNB RETAIL AND BRANDS AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set…

Notice of Annual General Meeting

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to the Annual General Meeting on Thursday, December 21, 2017 at 5:00 p.m. at Drottninggatan 33 in Stockholm. Participation, etcTo be entitled to participate in the Meeting, the shareholders must –        be recorded in the register of shareholders maintained by Euroclear Sweden AB…

Polarn O. Pyret increases focus on online growth

RNB-owned Polarn O. Pyret, which in the last year has seen e-commerce growth of 30% in Sweden, and made major investments in omnichannel and digital development, is now initiating an exclusive collaboration with Boozt.com with products available starting with the fall collection 2018.

Lina Söderqvist appointed new CEO of Departments & Stores

Lina Söderqvist has been appointed new CEO of Departments & Stores and member of the Group Management in RNB RETAIL AND BRANDS. Lina comes from the position as Marketing Manager for Åhléns. She will take up her new position no later than April 16, 2018. From 1 December until Lina…

Year-end report 1 September 2016 – 31 August 2017

Significant earinings improvement for the full year Operating income was SEK 4 M (6) in the fourth quarter. Sales for comparable stores in Sweden were stable and clearly above the negative market trend during the quarter. Year-on-year profit in the quarter was affected by a slightly lower gross margin, increased…

INTERIM REPORT 1 SEPTEMBER 2016 – 31 MAY 2017

POLARN O. PYRET SHOWS STRENGTH Operating income was SEK 2 M in the third quarter, an improvement of SEK 2 M year-on-year. Continued earnings growth in Polarn O. Pyret offset slightly lower earnings in the Brothers business area and a clear downturn in Departments & Stores. Rolling 12-month EBITDA increased…

RNB appoints new member to Group Management

RNB RETAIL AND BRANDS expands Group Management to include David Backman, born in 1980. David, who has previously been employed by RNB as Business Development Manager e-commerce, digital communication and CRM, now also assumes the role as Deputy IT-Manager. The change will take effect from May 2017 and the Group Management will consist of the…

Interim report 1 September 2016 – 28 February 2017

Continued improvements in earnings Operating income during the second quarter amounted to SEK 11 M, an improvement of SEK 10 M, compared to the year-earlier period. In total all business areas developed better than the market. The reorientation efforts relating to Polarn O. Pyret continued to deliver positive results. The…

Invitation to Q2 presentation on 27 March

RNB RETAIL AND BRANDS will announce its second quarter results (December 2016-February 2017) on Monday 27 March at 07.30 (CET). A teleconference/audiocast will be held on the same day, for analysts, media and investors, at 09.30 (CET). The report will be presented by Magnus Håkansson, President and CEO and Kristian Lustin, CFO. To participate in…

Information from Annual General Meeting

On Wednesday, December 21, 2016, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at Drottninggatan 33 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss.

Interim Report 1 September 2016 – 30 November 2016

Earnings increase by more than 50 percent Operating income during the first quarter amounted to SEK 46 million, an improvement of SEK 16 M in total, compared to the first quarter of the previous year. The performance was strong with a strengthened positive momentum. Sales developed better than the market,…

Notice to Annual General Meeting

The shareholders of RNB RETAIL AND BRANDS AB (publ) are hereby summoned to the Annual General Meeting on Wednesday, December 21, 2016 at 5:00 p.m. at Drottninggatan 33 in Stockholm. Participation, etcTo be entitled to participate in the Meeting, the shareholders must –        be recorded in the register of shareholders maintained by Euroclear Sweden AB…

YEAR-END REPORT 1 SEPTEMBER 2015 – 31 AUGUST 2016

Heading towards further results improvement Operating income for the full-year, before restructuring costs, amounted to SEK 50 M compared to SEK 48 M in the previous year. Brothers stood out with a continued strong performance and delivered on its promise of a positive full-year result. Departments & Stores is continuing…

RNB launches exclusive e-commerce store in men´s fashion

On August 25, RNB RETAIL AND BRANDS launches Man of a kind, a new e-commerce concept with an eclectic value proposition featuring premium products and a supplementary men’s fashion service offering. The concept is unique and meets the strong trend of increased e-commerce activity while improving accessibility for customers.

Interim report 1 September 2015 – 31 May 2016

Clear improvement from Q2 All three concepts are performing well in general. Brothers stands out with a sales increase of 7 percent in total and a positive result in the third quarter of SEK 12 M. Departments & Stores continues to display a stable performance and delivered a small increase…

Polarn O. Pyret – Focus on profitable growth

Polarn O. Pyret has today taken the decision to close the smaller and unprofitable operations in the Netherlands and China and to expand the number of stores in Finland and Norway. The measures will generate a positive earnings effect from June 2017. The strategic review of Polarn O. Pyret ́s…

INTERIM REPORT 1 SEPTEMBER 2015 – 29 FEBRUARY 2016

For the second quarter 2015/2016, RNB reported operating income of SEK 1 M, compared to SEK 17 M in the year-earlier period. The change in sales during the quarter for the three concepts’ comparable stores in Sweden amounted to between -4 and 6 percent and to -1 percent for the…

Information from AGM of RNB

On Thursday, December 17, 2015, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at the company’s premises at Regeringsgatan 29 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss.

Interim Report 1 September 2015 – 30 November 2015

Continued increase in sales and improvement in earnings RNB RETAIL AND BRANDS ́ positive profit improvement trend is continuing. For the first quarter 2015/2016, RNB reported operating income of SEK 30 M, an improvement of SEK 7 M compared to the preceding year. The first quarter 2015/2016 was the company…

Notice to Annual General Meeting

NotificationThe shareholders of RNB RETAIL AND BRANDS AB are hereby summoned to the Annual General Meeting on Thursday, December 17, 2015 at 5:00 p.m. at the Company’s offices at Regeringsgatan 29 in Stockholm. Participation, etc To be entitled to participate in the Meeting, shareholders must be recorded in the register of shareholders maintained by Euroclear…

Year-end report 1 September 2014 – 31 August 2015

Continued sales and profit improvement RNB RETAIL AND BRANDS’ positive profit improvement trend is continuing. For the fourth quarter 2014/2015, RNB reported operating income of SEK 12 M, an improvement of SEK 8 M compared to the preceding year. The fourth quarter 2014/2015 was the company’s sixth consecutive quarter with…

Nanna Hedlund appointed new CEO of Polarn O. Pyret

RNB RETAIL AND BRANDS has appointed Nanna Hedlund as CEO of Polarn O. Pyret and member of Group Executive Management. She currently holds the position as Director of Marketing and e-commerce at Kicks, the leading beauty retailer in the Nordics. She will take up her position at RNB RETAIL AND…

Ann Surtell new head of Human Resources at RNB

RNB RETAIL AND BRANDS has appointed Ann Surtell as Head of Human Resources and member of Group Executive Management. She currently holds a similar position at Empower AB. She will take up her position at RNB RETAIL AND BRANDS January 1, 2016.

Interim Report 1 September 2014 – 28 February 2015

RNB Retail and Brands positive trend of profit improvements is continuing – for the second quarter 2014/15, RNB reports positive operating income of SEK 17 M, an improvement of SEK 15 M in total compared to the previous year. The second quarter 2014/2015 was the company’s fourth consecutive quarter with…

RNB expands Group Management

RNB RETAIL AND BRANDS expands Group Management to include Helena Lundenfelt and Mia Bystedt. Helena Lundenfelt, born 1982, is HR-Manager of RNB RETAIL AND BRANDS and Mia Bystedt, born 1971, holds the position as IT-Manager.The changes will take effect from March 2015 and the Group Management will consist of the following members: Magnus Håkansson, CEO…

Information from AGM of RNB RETAIL AND BRANDS

On Thursday, December 18, 2014, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at the company's premises at Regeringsgatan 29 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss. Adoption of income statement and balance sheet and resolution concerning discharge from liability The AGM adopted the income statement and…

Interim report 1 September 2014 – 30 November 2014

RNB RETAIL AND BRAND ́S profit improvement trend is continuing – for the first quarter 2014/15, RNB reports positive operating income of SEK 23 M, an improvement of SEK 14 M in total compared to the previous year. The first quarter 2014/15 was the company ́s third consecutive quarter with…

RNB extends maturity of business financing

RNB RETAIL AND BRANDS has entered into an agreement with the company's principal owner, Konsumentföreningen Stockholm, regarding extension of part of the Group´s existing business financing. The agreement grants RNB the right to extend the SEK 200 M revolving loan from May 2016 to May 2017. RNB RETAIL AND BRANDS has since May 2013 been…

New CFO of RNB Retail and Brands

RNB has previously announced that Stefan Danieli is leaving his position as CFO in the spring of 2015. Stefan will be succeeded by Kristian Lustin. Kristian is 44 years old and has an MBA from Uppsala University and is a chartered accountant. Kristian Lustin has an extensive background in all aspects of financial management and…

Notificaton to AGM

The shareholders of RNB RETAIL AND BRANDS AB are hereby summoned to the Annual General Meeting on Thursday, December 18, 2014 at 5:00 p.m. at the Company’s offices at Regeringsgatan 29 in Stockholm. Participation, etc To be entitled to participate in the Meeting, shareholders must be recorded in the register of shareholders maintained by Euroclear…

Year-end report 1 September 2013 – 31 August 2014

RNB has reached a milestone in the turnaround work and post a positive operating income for the financial year 2013/2014. The fourth quarter showed stronger sales in comparable stores than the market and also a positive result. With this, combined with strong collections, we are now looking forward to further…

Interim report 1 September 2013 – 31 May 2014

THIRD QUARTER, MARCH 1, 2014 – MAY 31, 2014 IN SUMMARY Net sales amounted to SEK 442 M (609, including the divested JC-operation). An impairment of goodwill in Brothers & Sisters of SEK 151 M has occurred. Operating income, excluding impairment of goodwill, amounted to SEK -15 M (-27). Operating income during the previous year…

RNB signs agreement for safer textile factories in Bangladesh

RNB RETAIL AND BRANDS joins the international safety initiative Bangladesh Accord, committing to the goal of a safe and sustainable Bangladeshi Ready Made Garment (RMG) industry.  –       We have made a decision to participate in the Bangladesh Accord as a complement to our own work of monitoring and improving our suppliers. Some of the questions…

Information from AGM of RNB RETAIL AND BRANDS

On Thursday, January 16, 2014, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at the company's premises at Regeringsgatan 29 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss. Adoption of income statement and balance sheet and resolution concerning discharge from liability The AGM adopted the income statement and…

RNB carries out reorganization and implements changes in group management

RNB RETAIL AND BRANDS is carrying out a reorganization aimed at boosting the Group’s efficiency in connection with the divestment of the subsidiary JC. The reorganization means that the JC, Brothers & Sisters, Polarn O. Pyret and Departments & Stores concepts will establish a number of functions, which are today handled by RNB’s head office.…

Notification to AGM 2014

The shareholders of RNB RETAIL AND BRANDS AB are hereby summoned to the Annual General Meeting on Thursday, January 16, 2014 at 5:00 p.m. at the Company’s offices at Regeringsgatan 29 in Stockholm. Participation, etc To be entitled to participate in the Meeting, shareholders must –          be recorded in the register of shareholders maintained by…

Polarn O. Pyret acquires master franchise business in Norway

Polarn O. Pyret AB acquires 100 percent of the shares in WAM AS in Norway. WAM AS, which is the master franchisee of Polarn O. Pyret in Noway, operates 24 physical stores as well as an e-commerce store and is expected to generate net sales of about MSEK 130. The acquisition includes all 24 of…

RNB RETAIL AND BRANDS sells JC

RNB RETAIL AND BRANDS AB has entered into an agreement to sell the subsidiary JC to Denim Island AB. Denim Island AB is a part of Denim Island Group owned by Gordon Wu. The buyer Denim Island Group is a leading producer of denim products as well as a wholesaler of a number of denim…

Year-end report 1 September 2012 – 31 August 2013

FOURTH QUARTER, JUNE 1, 2013 – AUGUST 31, 2013 IN SUMMARY Net sales totaled SEK 642 M (671), a decrease of 4.3 percent. Provisions and write-downs, primarily related to the closing down of JC stores and the closure of Sisters, have been made with SEK 152 M. Operating income, including provisions and write-downs, amounted to SEK…

ANNOUNCEMENT OF YEAR END REPORT – NEW TIME AT 8 A.M CET

RNB RETAIL AND BRANDS has previously communicated that the year-end report för the fiscal year 2012/2013 will be published on Thursday October 31 at 13:00. The year-end report will instead be published on Thursday October 31 at 08.00 a.m CET. For further information, please contact: Ann-Charlotte Rudels, RNB RETAIL AND BRANDS AB, +46 8 410…

Invitation to presentation of year-end report

A teleconference for investors, analysts and media will be held October 31 at 09:30 where President and CEO Magnus Håkansson and CFO Stefan Danieli will present the year-end report and the development of the RNB operations. The presentation will be held in Swedish and end with a Q&A session where participants are welcome to ask…

RNB postpones year-end report

As previously communicated, RNB RETAIL AND BRANDS is conducting a strategic review of the operations in the subsidiary JC. The conclusions of this strategic review, as previously announced, will be presented no later than in connection with publication of the interim report for the first quarter of the 2013/2014 fiscal year. However, the company expects…

Change in reporting

RNB RETAILS AND BRANDS will quit the publication of monthly sales figures, as of the financial year of 2013/2014 (which begins September 1st, 2013) As of the financial year of 2013/2014 sales will be reported in conjunction with the publication of the interim reports. Sales for the first quarter 2013/2014 (September to November) will be…

RNBs sales in August 2013

RNB’s total sales in proprietary stores in August 2013 amounted to SEK 197.5 M, compared with SEK 203.1 M in the corresponding month a year earlier, which is a decrease of 2.8%. In local currencies the decrease was 3.1%. The 2012 sales number includes SEK 6.9 M of sales from the, as of June 2013,…

RNBs sales in July 2013

RNB’s total sales in proprietary stores in July 2013 amounted to SEK 210.9 M, compared with SEK 208.0 M in the corresponding month a year earlier, which is an increase of 1.4%. In local currencies the increase was 1.3%. The 2012 sales number includes SEK 14.6 M of sales from the, as of June 2013,…

RNBs sales in June 2013

RNB’s total sales in proprietary stores in June 2013 amounted to SEK 247.2 M, compared with SEK 264.3 M in the corresponding month a year earlier, which is an decrease of 6.4%. In local currencies the decrease was 6.2%. The 2012 sales number includes SEK 6,8 M of sales from the, as of June 2013,…

Hanna Graflund Sleyman new CEO of Departments & Stores

Hanna Graflund Sleyman has been appointed new CEO of Departments & Stores to suceed Amelie Söderberg effective 1 January 2014. Hanna Graflund Sleyman was born in 1978 and holds a Master´s degree from Stockholm School of Economics. Hanna was recruited to Polarn O. Pyret in 2009 and she currently holds the position as assortment director.…

Interim report 1 September 2012 – 31 May 2013

Third quarter, March 1, 2013 – May 31, 2013 Net sales totaled SEK 609 M (613), down by 0.7 percent. The operating result amounted to SEK -27 M (-34). The profit before tax amounted to SEK -30 M (-42). Profit after tax amounted to SEK -30 M (-32), corresponding to a profit per share of…

RNBs sales in May 2013

RNB’s total sales in proprietary stores in May 2013 amounted to SEK 214.1 M, compared with SEK 208.6 M in the corresponding month a year earlier, which is an increase of 2.6%. In local currencies the increase was 3.0%. Sales in comparable stores in Sweden in May 2013 decreased by 1.1% compared with the corresponding…

Amelie Söderberg to leave RNB

Amelie Söderberg, CEO of Departments & Stores, a subsidiary of RNB, will leave the company for the position as CEO of Filippa K. Amelie will assume her new position during fall 2013.

RNB CONDUCTS REVERSE SHARE SPLIT

As resolved by the Extraordinary General Meeting in RNB Retail and Brands AB (publ) (”RNB”) on 27 March 2013, a reverse share spilt will be conducted where 200 existing shares are consolidated into one. The board of directors of RNB has set the record date to 10 June 2013. The last day of trading in…

RNB divests Kosta Outlet Mode

RNB RETAIL AND BRANDS today announced that the company has entered into an agreement to sell the operations of subsidiary Kosta Outlet Mode AB to the Norwegian retail company Airport Retail Group AS.

CHANGE OF THE TOTAL NUMBER OF SHARES AND VOTES

Not for distribution, directly or indirectly, within or to USA, Australia, Canada Hong Kong, Japan, New Zealand, Singapore or South Africa or any other jurisdiction where distribution of this press release would be unlawful Following the rights issue resolved upon by the Board of Directors in RNB Retail and Brands AB (publ) (“RNB Retail and…

RNBs sales in April 2013

RNB’s total sales in proprietary stores in April 2013 amounted to SEK 218.4 M, compared with SEK 207.9 M in the corresponding month a year earlier, which is an increase of 5.1%. In local currencies the increase was 5.4%. Sales in comparable stores in Sweden in April 2013 increased by 1.0% compared with the corresponding…

JC restructures and changes CEO

According to what has been communicated in connection to the recent rights issue a strategic review of the JC operation is being conducted. The first part of this review is now concluded. The result of the review means that the JC operation will be extensively restructured and a number of unprofitable stores will be closed.…

RIGHTS ISSUE ALLOCATION FINALISED

Not for distribution, directly or indirectly, within or to USA, Australia, Canada Hong Kong, Japan, New Zealand, Singapore or South Africa or any other jurisdiction where distribution of this press release would be unlawful The subscription period in the RNB Retail and Brands AB (publ) rights issue ended on the 22 April 2013. Through the…

RNBs sales in March 2013

RNB’s total sales in proprietary stores in March 2013 amounted to SEK 191.8 M, compared with SEK 204.5 M in the corresponding month a year earlier (including the closed down business in Norway), which is an decrease of 6.2%. In local currencies the decrease was 6.0%. Sales in comparable stores in Sweden in March 2013…

BULLETIN FROM EXTRAORDINARY SHAREHOLDERS MEETING OF RNB RETAIL AND BRANDS AB (PUBL)

Not for distribution, directly or indirectly, within or to USA, Australia, Canada Hong Kong, Japan, New Zealand, Singapore or South Africa or any other jurisdiction where distribution of this press release would be unlawful RNB Retail and Brands AB (publ) (the “Company”), held an extraordinary shareholders meeting on Wednesday 27 March 2013, at the Company’s…

RNB RETAIL AND BRANDS RESOLVES ON TERMS FOR RIGHTS ISSUE

Not for distribution, directly or indirectly, within or to USA, Australia, Canada Hong Kong, Japan, New Zealand, Singapore or South Africa or any other jurisdiction where distribution of this press release would be unlawful Summary · Those who, on the record date 3 April 2013, are registered as shareholders in…

Interim report 1 September 2012 – 28 February 2013

Second quarter, December 1, 2012 – February 28, 2013 Net sales totaled SEK 702 M (754), down by 6.9 percent. Write-down of JC-trademark has been made with SEK 260 M. The operating result amounted to SEK -28 M (-25) excluding write-down of JC-trademark with SEK 260 M. The profit before tax amounted to SEK -41…

RNBs sales in February 2013

RNB’s total sales in proprietary stores in February 2013 amounted to SEK 147.6 M, compared with SEK 155.2 M in the corresponding month a year earlier (including the closed down business in Norway), which is an decrease of 4.9%. In local currencies the decrease was 4.6%. Sales in comparable stores in Sweden in February 2013…

RNBs sales in January 2013

RNB’s total sales in proprietary stores in January 2013 amounted to SEK 243.8 M, compared with SEK 230.8 M in the corresponding month a year earlier, which is an increase of 5.6%.  In local currencies the increase was 5.7%.

RNB RETAIL AND BRANDS LAUNCHES RATIONALIZATION PROGRAMS

RNB RETAIL AND BRANDS is launching a number of Group-wide rationalization programs. The programs include a comprehensive review and coordination of all core functions within JC and Brothers & Sisters in order to implement the rationalization of these positions as well as an additional ten central Group functions. Furthermore, preparations…

Interim report 1 September 2012 – 30 November 2012

First quarter, September 1, 2012 – November 30, 2012 Net sales totaled SEK 668 M (754), down by 11.4 percent. In the first quarter of the previous year, sales from the now closed down operations in Norway and Denmark were included by a total of SEK 37 M. Sales in comparable proprietary stores declined by…

RNBs sales in December 2012

RNB’s total sales in proprietary stores in December 2012 amounted to SEK 360.7 M, compared with SEK 379.1 M in the corresponding month a year earlier, which is an decrease of 4.9%.  In local currencies the decrease was 4.6%.

RNB RETAIL AND BRANDS secures new business financing

RNB RETAIL AND BRANDS has entered into an agreement with the company’s principal owner, Konsumentföreningen Stockholm, regarding the refinancing of half of the Group’s existing overdraft facility. The agreement will become effective on January 1, 2013. The new financing in a total amount of SEK 100 M will apply for…

RNBs sales in November 2012

RNB’s total sales in proprietary stores in November 2012 amounted to SEK 217.1 M, compared with SEK 226.7 M in the corresponding month a year earlier, which is an decrease of 4.2%.  In local currencies the decrease was 3.7%.

RNBs sales in October 2012

RNB’s total sales in proprietary stores in October 2012 amounted to SEK 235.5 M, compared with SEK 251.5 M in the corresponding month a year earlier, which is an decrease of 6.3%.

Year-end report 1 September 2011 – 31 August 2012

Fourth quarter, June 1, 2012 – August 31, 2012 Net sales totaled SEK 671 M (731), down 8.3 percent. Sales in comparable proprietary stores declined 3.4 percent during the quarter. Write-down of goodwill in Brothers & Sisters have been made with SEK 201 M. The operating profit, excluding write-down of goodwill, improved by SEK 6…

RNBs sales in September 2012

RNB’s total sales in proprietary stores in September 2012 amounted to SEK 241.3 M, compared with SEK 246.7 M in the corresponding month a year earlier, which is an decrease of 2.2%. In local currencies the decrease was 1.5%.

RNB subsidiaries JC and Brothers launch e-commerce

JC launched its e-commerce service in the Swedish market yesterday. Brothers will follow suit and launch its e-commerce service next week. These launches will expand accessibility for Brothers and JC and enable 24/7 shopping for their customers. Polarn O. Pyret has offerede-commerce in all EU countries via www.polarnopyret.com ( http://www.polarnopyret.com/…

WEAK SALES IN THE FOURTH QUARTER BRING DOWN FULL-YEAR RESULTS

RNB RETAIL AND BRANDS sales in the fourth quarter were weak despite a favorable sales trend in June. In the light of the sales trend for the quarter, a marginal improvement in earnings will not be achieved for the current fiscal year compared with the preceding year. A preliminary assessment…

RNBs sales in August 2012

RNB’s total sales in proprietary stores in August 2012 amounted to SEK 203.1 M, compared with SEK 219.9 M in the corresponding month a year earlier, which is an decrease of 7.7%.  In local currencies the decrease was 6.6%.

RNBs sales in July 2012

RNB’s total sales in proprietary stores in July 2012 amounted to SEK 208.0 M, compared with SEK 227.8 M in the corresponding month a year earlier, which is an decrease of 8.7%.  In local currencies the decrease was 8.0%.

RNB RETAIL AND BRANDS PARTNERS WITH COOP

RNB RETAIL AND BRANDS has signed a partnership agreement with Coop whereby, as of year-end, Coop members will receive refunds, discounts and exclusive offers from Polarn O. Pyret, JC and Brothers & Sisters.

RNBs sales in June 2012

RNB’s total sales in proprietary stores in June 2012 amounted to SEK 264.3 M, compared with SEK 245.8 M in the corresponding month a year earlier, which is an increase of 7.5%.  In local currencies the increase was 7.6%.

Interim report 1 September 2011 – 31 May 2012

Third quarter, March 1, 2012 – May 31, 2012 Net sales totaled SEK 613 M (675), down 9.2 percent. Sales in comparable proprietary stores declined 1.8 percent during the quarter. The operating profit, excluding last year’s write-down of goodwill and trademark of SEK 431 M, improved by SEK 68 M and amounted to SEK -34…

RNBs sales in May 2012

RNB’s total sales in proprietary stores in May 2012 amounted to SEK 208.6 M, compared with SEK 209.9 M in the corresponding month a year earlier, which is an decrease of 0.6%. In local currencies the decrease was 0.9%.

RNBs sales in April 2012

RNB’s total sales in proprietary stores in April 2012 amounted to SEK 207.9 M, compared with SEK 214.4 M in the corresponding month a year earlier, which is an decrease of 3.0%. In local currencies the decrease was 3.0%.

NEW CFO OF RNB RETAIL AND BRANDS

Stefan Danieli has been appointed the new CFO of RNB RETAIL AND BRANDS, succeeding the current CFO Gunnar Bergquist. Stefan will be employed by the Group on August 27, but will assume the position of CFO on November 1, 2012.

RNBs sales in March 2012

RNB’s total sales in proprietary stores in March 2012 amounted to SEK 204.5 M, compared with SEK 208.9 M in the corresponding month a year earlier, which is an decrease of 2.1%. In local currencies the decrease was 2.3%.

Interim report 1 September 2011 – 28 February 2012

Second quarter, December 1, 2011 – February 29, 2012 Net sales totaled SEK 754 M (772), down 2.4 percent. Sales in comparable proprietary stores were unchanged during the quarter. The operating profit, excluding JC's operations in Norway, declined by SEK 28 M to SEK -9 M (19). JC’s operations in Norway which is being closed,…

RNBs sales in February 2012

RNB’s total sales in proprietary stores in February 2012 amounted to SEK 155.2 M, compared with SEK 157.7 M in the corresponding month a year earlier, which is an decrease of 1.6%. In local currencies the decrease was 1.8%.

Exit for the CFO of RNB RETAIL AND BRANDS

Gunnar Bergquist will leave his job as Chief Financial Officer, CFO, of RNB RETAIL AND BRANDS AB. He will leave during the fall of 2012 after some 3 years in the company. A successor has not yet been appointed, but the recruitment process is ongoing.

RNBs sales in January 2012

RNB’s total sales in proprietary stores in January 2012 amounted to SEK 236.8 M, compared with SEK 230.0 M in the corresponding month a year earlier, which is an increase of 2.9%. In local currencies the increase was 3.0%.

RNB coordinates logistics operations

RNB RETAIL AND BRANDS has decided to reorganize its logistics operations and is merging the logistics departments for JC/Brothers & Sisters and Polarn O. Pyret into one central organization located in Stockholm, Sweden.

Interim report 1 September 2011 – 30 November 2011

First quarter, September 1, 2011 – November 30, 2011 Net sales totaled SEK 754 M (787), down 4.3 percent. Sales in comparable proprietary stores declined 3.7 percent The operating profit, excluding JC's operations in Norway, declined by SEK 28 M to SEK 24 M (52) JC’s operations in Norway which is being closed, have had…

RNBs sales in December 2011

RNB's total sales in proprietary stores in December 2011 amounted to SEK 379.1 M, compared with SEK 367.1 M in the corresponding month a year earlier, which is an increase of 3.3%. In local currencies the increase was 3.3%. Sales in comparable stores in Sweden in December 2011 increased by 0.6% compared with the corresponding…

RNB secures operations financing

RNB RETAIL AND BRANDS has secured new operating financing from the company's main owner Konsumentföreningen Stockholm. The new operating financing consists of a new loan of 150 MSEK with a maturity of 24 months from March 2012. The loan is mortgage-free during the first year, and will be repaid in full during the following year…

RNBs sales in November 2011

RNB's total sales in proprietary stores in November 2011 amounted to SEK 226.7 M, compared with SEK 230.5 M in the corresponding month a year earlier, which is an decrease of 1.6%. In local currencies the decrease was 1.6%. Sales in comparable stores in Sweden in November 2011 decreased by 3.1% compared with the corresponding…

RNBs sales in October 2011

RNB's total sales in proprietary stores in October 2011 amounted to SEK 251.5 M, compared with SEK 262.9 M in the corresponding month a year earlier, which is an decrease of 4.3%. In local currencies the decrease was 4.3%. Sales in comparable stores in Sweden in October 2011 decreased by 5.6% compared with the corresponding…

Year-end report 1 September 2010 – 31 August 2011

Fourth quarter, June 1, 2011 – August 31, 2011 Net sales totaled SEK 731 M (759), down 3.6 percent. Sales in comparable proprietary stores declined 3.0 percent The operating result declined with SEK 40 M to SEK -35 M (6). Results have been negatively affected by SEK 11 M (9) from further provisions for bad…

RNB to restructure the Norwegian JC business

RNB Retail and Brands has taken the decision to forcefully reduce/restructure the Norwegian operations in JC. More stores will thus be closed, a reduction from today's 21 stores to 5. These measures lay the foundation for minimized operating losses in JC Norway which amounted to -63 million SEK in the previous financial year. For further…

New financial objectives for RNB RETAIL AND BRANDS

Due to the group-wide change program that has been implemented and the changes in the operation that has been executed the Board of Directors of RNB RETAIL AND BRANDS has decided to implement new financial objectives. The new objectives are: ·         A long-term operating margin of 10 % ·         A long-term sales growth of 5-10…

Year-end report September 1, 2010 – August 31, 2011

Fourth quarter, June 1, 2011 – August 31, 2011 ·         Net sales totaled SEK 731 M (759), down 3.6 percent. Sales in comparable proprietary stores declined 3.0 percent ·         The operating result declined with SEK 40 M to SEK -35 M (6). Results have been negatively affected by SEK 11 M (9) from further provisions…

Sisters Undergoing Extensive Change

As part of RNBs portfolio the Sisters concept has not reached the set profitability targets. The negative development of Sisters is mainly due to an increased competition and sales that are too low to facilitate cost synergies in production and purchasing. In view of this, a fundamental change and downsizing of the Sisters concept is…

RNBs sales in September 2011

RNB's total sales in proprietary stores in September 2011 amounted to SEK 246.7 M, compared with SEK 255.5 M in the corresponding month a year earlier, which is an decrease of 3.5%. In local currencies the decrease was 3.4%. Sales in comparable stores in Sweden in September 2011 decreased by 5.9% compared with the corresponding…

Coordinated production based in Hong Kong will yield higher gross margin

RNB is continuing its Group-wide program of change and will be opening a production office in Hong Kong on November 1, 2011. The office will coordinate production for the Polarn O. Pyret, Brothers & Sisters and JC subsidiaries, supported by satellite offices that will be opened in Shanghai and Dacca. The coordinated work method will…

Improved efficiency at head office with a profit impact of 15MSEK annually

As part of a broad turnaround plan RNB RETAIL AND BRANDS AB will reorganize in order to improve efficiency and reduce costs. The plan includes a reduction of 30 members of staff with a profit impact of 15MSEK annually with full effect the current year 2011/2012. The reorganization encompasses product and assortment development, design and…

RNBs sales in August 2011

RNB's total sales in proprietary stores in August 2011 amounted to SEK 219.9 M, compared with SEK 230.9 M in the corresponding month a year earlier, which is an decrease of 4.7%. In local currencies the decrease was 4.5%. Sales in comparable stores in Sweden in August 2011 decreased by 7.2% compared with the corresponding…

RNBs sales in July 2011

RNB's total sales in proprietary stores in July 2011 amounted to SEK 227.8 M, compared with SEK 240.5 M in the corresponding month a year earlier, which is an decrease of 5.3%. In local currencies the decrease was 4.9%. Sales in comparable stores in Sweden in July 2011 decreased by 4.8% compared with the corresponding…

RNBs sales in June 2011

RNB's total sales in proprietary stores in June 2011 amounted to SEK 245.8 M, compared with SEK 244.6 M in the corresponding month a year earlier, which is an increase of 0.5%. In local currencies the increase was 1.2%. Sales in comparable stores in Sweden in June 2011 increased by 2.0% compared with the corresponding…

Interim report 1 September 2010 – 31 May 2011

Third quarter, March 1, 2011 – May 31, 2011 Net sales totaled SEK 675 M (731), down 7.6 percent. The negative impact from the divested operations at Steen & Ström department store is -1.1 percent. Sales in comparable proprietary stores declined 6.4%. Write-down of goodwill and JC-trademark have been made with gross SEK 431 M,…

Interim report September 1, 2010 – May 31, 2011

Third quarter, March 1, 2011 – May 31, 2011 ·         Net sales totaled SEK 675 M (731), down 7.6 percent. The negative impact from the divested operations at Steen & Ström department store is -1.1 percent. Sales in comparable proprietary stores declined 6.4%. ·         Write-down of goodwill and JC-trademark have been made with gross SEK…

Decrease in profits for RNB RETAIL AND BRANDS AB

The Company has previously announced on the conditions for further profit improvements during the fiscal year. The report for the third quarter will show a sharp decrease in profits. Thus the prospects for improved profits during the year do not exist any longer. Further information will be announced in the report for the third quarter,…

RNBs sales in May 2011

RNB's total sales in proprietary stores in May 2011 amounted to SEK 209.9 M, compared with SEK 225.9 M in the corresponding month a year earlier, which is an decrease of 7.1%. In local currencies the decrease was 6.1%. Sales in comparable stores in Sweden in May 2011 decreased by 5.6% compared with the corresponding…

RNBs sales in April 2011

RNB's total sales in proprietary stores in April 2011 amounted to SEK 214.4 M, compared with SEK 218.2 M in the corresponding month a year earlier, which is an decrease of 1.7%. In local currencies the decrease was 0.8%. Sales in comparable stores in Sweden in April 2011 decreased by 1.7% compared with the corresponding…

RNBs sales in Mars 2011

RNB's total sales in proprietary stores in Mars 2011 amounted to SEK 208.9 M, compared with SEK 221.1 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an decrease of 5.5%. In local currencies the decrease was 4.4%. Including divested operations the sales decreased with…

Interim report 1 September 2010 – 28 February 2011

Second quarter, December 1, 2010 – February 28, 2011 Net sales totaled SEK 772 M (822), down 6.0 percent. The negative impact from the divested operations at Steen & Ström department store is -4.6 percent. Sales in comparable proprietary stores was unchanged from previous year. The operating result has improved with SEK 8 M to…

Interim report September 1, 2010 – February 28, 2011

Second quarter, December 1, 2010 – February 28, 2011 ·         Net sales totaled SEK 772 M (822), down 6.0 percent. The negative impact from the divested operations at Steen & Ström department store is -4.6 percent. Sales in comparable proprietary stores was unchanged from previous year. ·         The operating result has improved with SEK 8…

RNBs sales in February 2011

RNB's total sales in proprietary stores in February 2011 amounted to SEK 157.7 M, compared with SEK 173.6 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an decrease of 4.9%. In local currencies the decrease was 3.3%. Including divested operations the sales decreased with…

Marthyn Inghamn appointed new President of JC

"Marthyn Inghamn is one of Sweden's most experienced executives when it comes to jeans and relating accessories. The fact that we have now reached an agreement with Marthyn is a key step in the development of JC," says Magnus Håkansson, Chairman of the Board and forthcoming President and Chief Executive Officer of RNB RETAIL AND…

RNBs sales in January 2011

RNB's total sales in proprietary stores in January 2011 amounted to SEK 230.0 M, compared with SEK 232.7 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an decrease of 1.1%. In local currencies the increase was 0.4%. Including divested operations the sales decreased with…

Interim report 1 September 2010 – 30 November 2010

First quarter, September 1, 2010 – November 30, 2010 Net sales totaled SEK 787 M (743), up 5.9 percent. The negative impact from the divested operations at Steen & Ström department store is -3.4 percent. Sales in comparable proprietary stores increased 6.3 percent. The operating result has improved with SEK 13 M to SEK 47…

RNBs sales in December 2010

RNB's total sales in proprietary stores in December 2010 amounted to SEK 367.1 M, compared with SEK 361.4 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an increase of 1.6%. In local currencies the increase was 3.5%. Including divested operations the sales decreased with…

Notification

The shareholders of RNB RETAIL AND BRANDS AB are hereby summoned to the Annual General Meeting on Thursday January 20, 2011 at 5:00 p.m. at the Company's offices at Regeringsgatan 29 in Stockholm. Participation, etc. To be entitled to participate in the Meeting, shareholders must    – be recorded in the register of shareholders maintained by…

Polarn O. Pyret now on Amazon.com

Polarn O. Pyret continues its expansion into the US with sales via Amazon.com, the world's largest online retailer. Most of the range is already available, and the aim is to launch the entire range during 2011. Polarn O. Pyret's Master Franchisee launched sales in the US via e-trading in 2008. Since autumn 2010, Polarn O.…

RNBs sales in November 2010

RNB's total sales in proprietary stores in November 2010 amounted to SEK 230.5 M, compared with SEK 214.6 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an increase of 7.4%. In local currencies the increase was 8.9%. Including divested operations the sales increased with…

RNBs sales in October 2010

RNB's total sales in proprietary stores in October 2010 amounted to SEK 262.9 M, compared with SEK 255.1 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an increase of 3.0%. Including divested operations the sales decreased with 1.3%. Sales in comparable stores in Sweden…

Year-end report 1 September 2009 – 31 August 2010

Fourth quarter, June 1, 2010 – August 31, 2010 Net sales totaled SEK 759 M (813), down 6.7 percent. The negative impact from the divested operations at Steen & Ström department store is -4.0 percent and currency effects +0.7 percent. Sales in comparable proprietary stores decreased 0.8 percent. The operating result has improved with SEK…

Year-end report, September 1, 2009 – August 31, 2010

Fourth quarter, June 1, 2010 – August 31, 2010    §  Net sales totaled SEK 759 M (813), down 6.7 percent. The negative impact from the divested operations at Steen & Ström department store is -4.0 percent and currency effects +0.7 percent. Sales in comparable proprietary stores decreased 0.8 percent.    §  The operating result has improved…

RNBs sales in September 2010

RNB's total sales in proprietary stores in September 2010 amounted to SEK 255.5 M, compared with SEK 236.9 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an increase of 7.9%. Including divested operations the sales increased with 3.8%. Sales in comparable stores in Sweden…

JC strengthens collaboration with franchisees

During the spring, JC and representatives of its franchisee board worked jointly in order to enhance collaboration with the franchisees and create a more competitive mode of operations at JC. These efforts have led to an addendum to the current agreement, which virtually all individual franchisees have recently decided to accept. "Our franchisee chain is…

RNBs sales in August 2010

RNB's total sales in proprietary stores in August 2010 amounted to SEK 230.9 M, compared with SEK 228.1 M in the corresponding month a year earlier, divested operations at Steen & Ström in Oslo excluded, which is an increase of 1.2%. Including divested operations the sales decreased with 6.8%. Sales in comparable stores in Sweden…

Interim report 1 September 2009 – 31 May 2010

Third quarter, March 1, 2010 – May 31, 2010 Net sales totaled SEK 731 M (696), up 5.0%, currency effects +2.8%. Sales in comparable proprietary stores increased 5.6%. The operating result has improved with SEK 42 M to SEK 6 M (-36)     The profit before tax amounted to SEK 4 M (-55). Profit after tax…

Interim report 1 September 2009 – 28 February 2010

Second quarter, December 1, 2009 – February 28, 2010 Net sales totaled SEK 822.0 M (914.5), down 10.2%, currency effects -3.6%. Sales in comparable proprietary stores declined 4.2%. The operating result has improved with SEK 91.7 M to SEK 2.8 M       (-588.9 including goodwill write-down of SEK 500 M). Loss before tax amounted to SEK…

Interim report 1 September 2009 – 30 November 2009

First quarter, September 1, 2009 – November 30, 2009 Net sales totaled SEK 743.2 M (783.5), down 5.1%. Sales in comparable proprietary stores declined 0.2%. The operating result amounted to SEK 33.5 M (40.2) was reported. The profit after net financial items amounted to SEK 34.1 M ( 22.7). The profit after tax amounted to…

Year-end report 1 September 2008 – 31 August 2009

Fourth quarter, June 1, 2009 – August 31, 2009 Net sales totaled SEK 813.4 M (871.5), down 6.7%. Sales in comparable proprietary stores declined 2.3%. The operating result amounted to a loss of SEK 51.2 M (loss: 50.4) was reported. The loss after net financial items amounted to SEK 57.9 M (loss: 64.3). The loss…

Interim report 1 September 2008 – 31 May 2009

Third quarter, March 1, 2009 – May 31, 2009 Net sales totaled SEK 695.9 M (776.9), down 10.4%. Sales in proprietary comparable stores declined 2.3%. An operating loss of SEK 36.1 M (profit: 23.8) was reported. The loss after net financial items amounted to SEK 54.9 M (profit: 6.0). The loss after tax amounted to…

Interim report 1 September 2008 – 28 February 2009

Second quarter, December 1, 2008 – February 28, 2009 – Net sales amounted to SEK 914.5 M (854.1), up 7.1%. Currency effects positively impacted sales by 2.5%. Sales in comparable stores declined 3.6%. – An operating loss of SEK 588.9 M (loss: 53.1) was reported including goodwill impairment SEK of 500 M. The loss after…

Interim report 1 September 2008 – 30 November 2008

First quarter, September 1, 2008 – November 30, 2008 – Net sales amounted to SEK 783.5 M (923.7), down 15.2%. Sales for comparable stores declined 9.2%. – Operating profit amounted to SEK 40.2 M (81.5). Profit after net financial items totaled SEK 22.7 M (70.3). – Profit after tax was SEK 16.6 M (54.8), corresponding…

Year-end report 1 September 2007 – 31 August 2008

September 1, 2007 – August 31, 2008  Net sales amounted to SEK 3,426.2 M (3,468.3), down 1.2%. Sales in comparable stores declined 2.3%.  Operating profit totaled SEK 1.8 M (342.2). After net financial items, a loss of SEK 51.8 M was reported (profit: 305.8). Nonrecurring expenses of SEK…

Interim report 1 September 2007 – 31 May 2008

September 1, 2007 – May 31, 2008  Net sales amounted to SEK 2,554.7 M (2,529.3), an increase of 1%. Sales in comparable stores declined 1.9%.  Operating profit totaled SEK 52.2 M (288.2). Profit after financial net items amounted to SEK 12.5 M (260.3). Nonrecurring items totaling profit of…

Interim report 1 September 2007 – 28 February 2008

Continued weak trend for JC and J-Store. Favorable trend for Polarn O. Pyret, Department stores and Brothers and Sisters. First six months, September 1, 2007 – February 29, 2008 • Net sales amounted to SEK 1,777.8 M (1,770.8). Sales in comparable stores declined 0.3%. • Operating profit amounted to SEK…

Interim report 1 September 2007 – 30 November 2007

• Net sales amounted to SEK 923.7 M (889.8), an increase of 3.8%. Net sales for comparable stores rose 1.6%. • Operating profit amounted to SEK 81.5 M (86.8). Profit after net financial items amounted to SEK 70.3 M (77.3). • Profit after tax amounted to SEK 54.8 M (62.2),…

Year-end report 1 September 2006 – 31 August 2007

September 1, 2006 – August 31, 2007 • Net sales amounted to SEK 3,468.3 M (1,535.2), up 126%. Sales in comparable stores rose by 7.3%. • Operating profit totaled SEK 342.2 M (29.9). Profit after net financial items amounted to SEK 305.8 M (20.9). Non-recurring items totaling SEK 81.6 M…

Interim report 1 September 2006 – 31 May 2007

Fourfold increase in earnings and strengthened financial position First nine months of the year, September 1, 2006 – May 31, 2007 • Net sales amounted to SEK 2,529.3 M (996.1) – an increase of 154%. Net sales for comparable stores rose 6.3%. • Operating profit amounted to SEK 288.2 M…

Interim report 1 September 2006 – 28 February 2007

Strong growth and strengthened financial position First half of the year, September 1, 2006 – February 28, 2007 • Net sales amounted to SEK 1,770.8 M (688.7) – an increase of 157%. Net sales for comparable stores rose 6,5%. • Operating profit amounted to SEK 228.0 M (62.5). Profit after…

Interim report 1 September 2006 – 30 November 2006

Growth and sharp increase in earnings • Net sales amounted to SEK 889.8 M (315.4), an increase of 182 percent. Sales for comparable stores rose by 6.7 percent. • Operating profit totaled SEK 86.8 M (31.3), up 177 percent. Profit after net financial items amounted to SEK 77.3 M (30.8).…

Year-end report 1 September 2005 – 31 August 2006

September 1, 2005 – August 31, 2006 • Net sales amounted to SEK 1,535.2 M (963.7), up 59 percent. Sales in comparable stores rose by 4.2 percent. • Operating profit before restructuring costs totaled SEK 79.6 M (41.6). Profit after net financial items was SEK 20.9 M (36.3). Restructuring costs…

Interim report 1 September 2005 – 31 May 2006

First nine months, September 1, 2005 – May 31, 2006 • Net sales totaled SEK 996.1 M (697.3), up 43 percent. Sales for comparable stores rose by 5.0 percent. • Operating profit amounted to SEK 77.6 M (40.7). Profit after net financial items improved by 98 percent to SEK 73.0…

Interim report 1 September 2005 – 28 February 2006

First six months, September 1, 2005 – February 28, 2006 • Net sales amounted to SEK 688.7 M (453.0), an increase of 52 percent. Sales for comparable stores rose by 4.0 percent. • Operating profit amounted to SEK 62.5 M (34.8). Profit after net financial items improved by 87 percent…

Interim report 1 September 2005 – 30 November 2005

• Net sales amounted to SEK 315.4 M (231.2), an increase of 36 percent. Sales for comparable stores rose by 2.5 percent. • Operating profit amounted to SEK 31.3 M (26.4). Profit after net financial items improved by 23 percent to SEK 30.8 M (25.1). • Profit after taxes amounted…