KappAhl: Eleven new stores in three months
KappAhl opened eleven new stores between September and November, which is the first quarter of the 2006/2007 financial year. KappAhl now has 271 stores in Sweden, Norway, Finland and Poland. The company's aim remains to open 15-20 new stores annually, of which the majority during the first and the third quarter.
Three of the new stores have opened in Sweden, four in Norway and four in Finland.
KappAhl mainly establishes stores in shopping centres and in small to medium-sized towns. The average store is 850 m2 in a location where many people pass by.
KappAhl's newly opened stores:
Sweden: Shopping centre 421, Högsbo in Göteborg Shopping centre Väsby Centrum, Upplands Väsby Shopping centre Familia, Hyllinge on the outskirts of Helsingborg
Norway: Shopping centre Magneten, Levanger Shopping centre Amfi, Örsta close to Ålesund Shopping centre Amfi, Os on the outskirts of Bergen Shopping centre Arkaden, Skien
Finland: Shopping centre Pasaati, Kotka Citymarket Keskos, Tiirio in Hämeenlinna Citymarket Keskos, Riihimäki Idea Park, Lempäälä, which is the largest shopping centre in the Nordic region
For more information, please contact:
Håkan Westin, CFO, tel: +46 704 71 56 64
Kajsa Räftegård, Vice President Public Relations, tel: +46 704 71 56 49
KappAhl is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but our primary target group is women aged 30 to 50 who buy for the entire family. KappAhl's head office and distribution centre, which handles transport to all stores, are located in Mölndal, on the outskirts of Göteborg, Sweden. KappAhl employs around 3,700 people and more than 90 per cent are women. During the 2005/2006 financial year, KappAhl reported sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl is listed on the Stockholm Stock Exchange. Further information about the company is available on www.kappahl.com and financial information is available on www.kappahl.com/ir.