Charles Vögele sales decline amid difficult economic conditions

The Swiss fashion retailer Charles Vögele that made a significant progress in the last years and achieved turnaround on an operational level in 2014 has said that amid a very difficult market environment and tough economic conditions as well as difficult currency situation, its net sales fell 2.5 percent after adjusting for exchange rates and like-for-like. Net sales decreased 11 percent overall to 803 million Swiss francs (823 million dollars).