INSJÖN, Sweden--(BUSINESS WIRE)--Regulatory News:
Clas Ohlson (STO:CLASB):
Sales rose 6% in October to SEK 562 M (531). In local currencies, sales increased 7%. Compared with the same month in 2011, 18 stores have been added and the total number of stores on October 31 2012 was 167. Mail order/Internet sales during the month was SEK 12 M (9).
Sales channels (SEK M):
|Sweden||255 (247)||+ 3%||+ 3%|
|Norway||234 (220)||+ 6%||+ 8%|
|Finland||52 (42)||+ 25%||+ 32%|
|UK||21 (22)||- 2%||- 4%|
Total sales during the first six months (May-October 2012) increased by 5% to SEK 3,076 M (2,940).
The Q2-report for 2012/13 will be published on December 12 2012.
Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster, Norwich and Newcastle.
The information in this press release comprises information that Clas Ohlson AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 08:00 (CET) on Thursday November 15 2012.
This information was brought to you by Cision http://www.cisionwire.com