Over the period of May to June, the retail chain's total net sales amounted to SEK 2,114 million, an increase of 17 percent.
The company's CEO and Group Chief Executive Officer, Kristofer Tonström, comments on the development and points to, among other things, an early interest in seasonal goods:
The summer has started well in all home markets with a combined organic sales increase of 14 percent compared to the previous year. The growth comes from both the basic range and the seasonal range, where demand for weather-related products such as fans and air conditioning started as early as June compared to July last year.
In addition to the product range, the CEO mentions that sales have been affected by more trading days in the Norwegian stores. He also states that the company sees positive currency effects related to the Norwegian krone, but simultaneously issues a comment regarding the future:
Looking ahead, we also see that the rapid fluctuations in NOK will result in negative effects from currency hedges in the quarter compared to the previous year, says Kristofer Tonström.
At the end of June, Clas Ohlson's total store base amounted to 250 stores, which is nine more stores compared to the same time last year. As Ehandel.se previously reported, the growing store network is now used as a central part of the company's e-commerce logistics. According to the company, about half of the product flow from e-commerce is distributed via the physical stores.