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WeSC reports Q2 sales growth

By Tiffany Montgomery
November 06, 2012 5:55 AM

WeSC released second quarter sales results today in Sweden.

The company said sales grew 30% to SEK 100 million (about US $15 million) for the quarter ended Oct. 31, excluded its U.S. retail operation, which is now licensed.

Those U.S. stores are showing a positive sales trend, WeSC said.

For the six months ended Oct. 31, sales declined 2.8% to SEK 170 million (about US $25.4 million).

Southern Europe remains a concern for WeSC, which is having liquidity challenges because of late payments from distributors. WeSC said it is working with distributors on these issues.

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