RNB Retail and Brands AB reported sales results for the month of April 2013. The company’s total sales in proprietary stores in April 2013 amounted to SEK 218.4 million, compared with SEK 207.9 million in the corresponding month a year earlier, which is an increase of 5.1%. In local currencies the increase was 5.4%. Sales in comparable stores in Sweden in April 2013 increased by 1.0% compared with the corresponding month in the preceding year. Total sales in local currencies in comparable stores in all countries increased by 0.6%.

RNB Retail and Brands announced the conclusion of strategic review of its JC operation. The first part of this review is now concluded. The result of the review means that the JC operation will be extensively restructured and a number of unprofitable stores will be closed. Which stores that has been decided to be closed and the timetable for the closure will be determined and communicated during May. There will also be additional measures linked to the restructuring communicated during May. RNB will also perform an extensive review and reorientation of the non-jeans assortment. In connection to the restructuring and the review of the assortment Peter Bondelid will assume the position as CEO succeeding Marthyn Inghamn. The decision will have immediate effect and the recruitment of a new CEO has started. Acting CEO Peter Bondelid, who assumed the position as Supply Chain Director in 2012 will continue in this position in parallel with his role as acting CEO. Peter Bondelid has long and extensive experience from management consulting. Peter has also held executive positions in retail companies.

RNB Retail and Brands AB reported sales results for the month of March 2013. The company’s total sales in proprietary stores in March 2013 amounted to SEK 191.8 million, compared with SEK 204.5 million in the corresponding month a year earlier (including the closed down business in Norway), which is an decrease of 6.2%. In local currencies the decrease was 6.0%. Sales in comparable stores in Sweden in March 2013 decreased by 9.8% compared with the corresponding month in the preceding year. Total sales in local currencies in comparable stores in all countries decreased by 10.2%.