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Retail

Newbie to open six UK stores during 2025

Swedish brand Newbie has announced plans to open six new stores in the UK throughout the course of 2025, bringing its store count in the region to 13. The label, owned by the Kappahl Group, is currently undergoing an international expansion plan, which zones in on establishing a presence in key markets to meet increased demand. The first of the...

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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...

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