News | Third quarter

Back

Clas Ohlson: overall sales down 9 per cent, online up 59 per cent

Clas Ohlson currently operates 227 stores.

Clas Ohlson currently operates 227 stores.

In the third quarter of its fiscal 2020/2021, thus from November to January, Swedish retail chain Clas Ohlson reported a drop in sales of 9 per cent to SEK 2.635 bn (EUR 259 mio). In local currencies and including newly opened stores ("organic growth"), the fall was 5 per cent, as it was for like-for-like sales.

In contrast, online sales climbed 59 per cent to SEK 288 mio (EUR 28 mio) and then again in February by 112 per cent, while overall sales declined by 13 per cent.

New CEO Kristofer Tonström, who took up his post on 8 February 2021, struck an optimistic note in the quarterly report: "Our long-term effort to create a strong omni offering with improved digital capacity was a major advantage during a different kind of Christmas trading." In Sweden, new restrictions were introduced shortly before Christmas, while in Norway a lockdown was imposed on Oslo in January.

In the nine months from May 2020 to January 2021, overall sales fell by 5 per cent to SEK 6.746 bn (EUR 663 mio). Organic and like-for-like sales remained at the same level. During the same period, Clas Ohlson's online sales totalled SEK 621 mio (EUR 61 mio), thus a 50 per cent rise on the same period in the previous year.

|15 March 2021 | 19:04


Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

The pandemic has turned the French into better DIYers

Due to the pandemic, living and the home have become more important to the French. In the past two years, they have taken on more improvement View news...

“I just love trade fairs”: John Herbert talks with Gerald Böse

The fact that the international home improvement and gardening industry hopes to be able to visit trade fairs again next year was made clear once View news...

How do I get on page 1 of the Amazon search?

How to work successfully as a supplier with the data-driven business model of e-commerce market leader Amazon was the subject of another online View news...

German home improvement sales in 2021 significantly short of previous year

This year, home improvement stores in Germany are set to experience a 9.1 per cent downturn in sales compared with the record year of 2020. This View news...