Newbie news and archive

Kappahl spins off Newbie as separate business unit, appoints Thomas Kusoffsky as VP

Kappahl is turning the Newbie brand into a separate business unit. To lead the new business unit, Thomas Kusoffsky has been appointed vice president of Newbie. Kusoffsky, who was previously the CEO of Smarteyes, the company said in a statement, will join Kappahl in the fall. The new organisational structure will be implemented from June 1, 2023....

Business

Kappahl turning Newbie brand into a separate business unit

Swedish fashion company Kappahl Group has announced that its kidswear brand Newbie will be a separate business unit to optimise its full potential. In a statement, Kappahl said that the new business unit would be led by Thomas Kusoffsky, who has been appointed vice president of Newbie, with a new organisational structure for the brand to be...

Retail

Kidswear brand Newbie to launch on rental service Hyber

KappAhl’s brand Newbie is strengthening its position as a supplier of affordable and responsible kidswear by offering a selection of its range to rent via Hyber. The move is part of KappAhl’s commitment to be more sustainable and circular, explained the brand in a statement, while also making their clothing available to more people, while “...

Management

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...

Report

Kappahl to open two new Newbie stores in the UK

Swedish childrenswear brand Newbie launched by Kappahl in 2010 is spreading its footprint in the UK. The company said, in April Newbie store will open in Bluewater and another one in Westfield London White City shopping centres bringing the brand’s UK footprint to four stores and e-commerce, with 20 stores in total in the UK, Sweden, Norway,...