KappAhl news and archive

Kidswear brand Newbie to launch on rental service Hyber

KappAhl’s brand Newbie is strengthening its position as a supplier of affordable and responsible kidswear by offering a selection of its range to rent via Hyber. The move is part of KappAhl’s commitment to be more sustainable and circular, explained the brand in a statement, while also making their clothing available to more people, while “...

Featured

Fashion

KappAhl to launch new childrenswear brand in February

Swedish fashion retailer KappAhl is launching a new “playful” childrenswear brand, Minories in February 2021. As it looks to consolidate its position as a retailer of “good children’s clothes,” following on from the success of its Newbie brand. The childrenswear brand has been developed in-house to cater for 0 months to 8-year-olds, aimed at...

Featured

Business

KappAhl full-year sales up but gross margins take hit

Swedish fashion retailer KappAhl has reported a 3 percent increase in sales to 4.9 billion Swedish Krona (403 million pounds or 449 million euros) for the year to August, while gross margin fell to 59.5 percent from 61.8 percent last year. Full-year operating profit at the company fell to 168 million Swedish Krona (13.8 million pounds or 15.4...

Fashion

Kappahl celebrates sustainability milestone with autumn denim ranges

Swedish fashion retailer Kappahl has announced that with the launch of its autumn collections it has achieved its 2020 target of manufacturing 100 percent of its denim range “in more sustainable fabrics and using more sustainable production processes.” The “key milestone” means all denim in the new collections is produced using less water,...

Featured

Fashion

Leading fashion chains join the “Swedish textile initiative for climate action"

To achieve key sustainability goals, leading Swedish fashion chains such as H&M, Kappahl, Peak Performance among others, have joined hands with The Sustainable Fashion Academy for the "Swedish textile initiative for climate action" (STICA). Through this initiative, these apparel companies would focus on reducing their climate impact by at least...

Business

Kappahl records 2.1 percent increase in Q3 net sales

Kappahl’s net sales for the third quarter amounted to 1,242 million Swedish krona (139.7 million dollars), an increase of 2.1 percent driven by the change in comparable stores of 2.7 percent; 2.6 percent negative effect of new and closed stores, and currency translation differences totalling 2 percent. Hover over the graph to learn more. “The...

People

Göran Bille replaces Danny Feltmann as acting CEO of Kappahl

The board of directors of Kappahl AB has appointed Göran Bille as acting CEO with immediate effect to replace Danny Feltmann. The company said, Feltmann is leaving the business as a consequence of having different views on the company's development and priorities and that the process for recruiting a new CEO begins immediately. “The board of...

Fashion

Kappahl becomes member of the Sustainable Apparel Coalition

To help accelerate the development of sustainable working methods and solutions in the fashion industry, Swedish fashion chain Kappahl has said that the company has now become a member of the Sustainable Apparel Coalition (SAC). “We are committed to continuing to play an active role in driving the system changes that need to be made in our...

Retail

Kappahl to open two new Newbie stores in the UK

Swedish childrenswear brand Newbie launched by Kappahl in 2010 is spreading its footprint in the UK. The company said, in April Newbie store will open in Bluewater and another one in Westfield London White City shopping centres bringing the brand’s UK footprint to four stores and e-commerce, with 20 stores in total in the UK, Sweden, Norway,...

Business

Kappahl's Q2 sales decrease 6.2 percent

In the second quarter of 2017/2018 Kappahl's sales decreased by 6.2 percent to 1,115 million Swedish krona (135.4 million dollars). The gross margin was 58.8 percent compared to 58.9 percent and the operating profit was 5 million Swedish krona compared to 47 million Swedish krona in the same quarter last year. Kappahl's net sales were 2,280...

Business

Kappahl's Q1 sales drop 7.5 percent

Kappahl’s net sales for the quarter amounted to 1,166 million Swedish krona (139 million dollars), a decrease of 7.5 percent. The company said, the effect of new and closed stores on the total sales was negative 1.2 percent, change in comparable stores was negative 5.3 percent and translation differences in currencies totalled a negative 1...

People

Tommy Svensson named acting CFO at Kappahl

Tommy Svensson has been appointed acting CFO of the KappAhl Group effective from December 1, 2017 to April 2018. The company said, Svensson is an interim consultant with long working experience. During the period, Kappahl added, until new CFO Peter Andersson will claim his position, Svensson will lead the financial work of the KappAhl Group. He...