Press Releases

Annual Report 2011/2012

The shareholders of RNB RETAIL AND BRANDS AB are hereby summoned to the Annual General Meeting on Thursday, January 17, 2013 at 5:00 p.m. at the Company’s offices at Regeringsgatan 29 in Stockholm.

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…

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%.

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%.

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…

Fourth quarter, June 1, 2012 – August 31, 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 RETAIL AND BRANDS today announced the following changes to its Group Executive Management:

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/…

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…

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%.

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 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.

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%.

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…

Third quarter, March 1, 2012 – May 31, 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%.

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%.

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.

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%.

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,…

Second quarter, December 1, 2011 – February 29, 2012

RNB RETAIL AND BRANDS communicated in the year-end report on the 27th of October 2011 that a significant profit improvement would be attained during the current fiscal year. During the second quarter full focus has been set on reducing inventory levels with the aim to achieve a positive cash flow…

As part of the ongoing efforts to turn around with the Group’s store concepts JC Jeans & Clothes and Brothers & Sisters, RNB is now investing in a further strengthening of these concepts in Sweden. This will be achieved through the acquisition and management of a number of stores that…

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%.

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.

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 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.

On Thursday, January 19 2012, 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 Laszlo Kriss.

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…

First quarter, September 1, 2011 – November 30, 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 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…