RNB Retail and Brands Q1 comparable sales up 0.6 percent

RNB Retail and Brands said in a press release that for the first quarter, sales in comparable Swedish stores increased by 0.6 percent above the market downturn of 2.3 percent. Net sales were 583 million Swedish krona (69 million dollars) compared to 584 million Swedish krona (69.5 million dollars) in the same quarter last year. E-commerce sales continued to grow, however, earnings in the first quarter were down year-on-year due to increased marketing costs.