Takko Fashion posts decline in annual net sales

Discount retailer Takko Fashion for its 2018/19 fiscal year reported decline in net sales to 1,092.6 million euros (1,221.8 million dollars). The company said, adjusted EBITDA was also down on last year’s 148.1 million euros (165.6 million dollars), to 128.3 million euros (143.5 million dollars). The company added that customers embraced the Takko Fashion web shop, with net growth in sales of approximately 30 percent.