Press Releases
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…
Information from Annual General Meeting of RNB RETAIL AND BRANDS AB on January 20, 2011
On Thursday, January 20, 2011, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at the company's premises at Regeringsgatan 29 in Stockholm under the chairmanship of Chairman of the Board Magnus Håkansson. Adoption of income statement and balance sheet and resolution concerning discharge from liability The AGM adopted the income statement and balance…
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…