Noa Noa in million kroner loss

Fashion brand with 168 stores is in the red for the third year

Female students are predominant on five out of the six Copenhagen University faculties (photo: iStock)
June 26th, 2014 3:30 pm| by admin
facebooktwittergoogle_pluspinterestmail

Customers are turning their back on  the fashion chain Noa Noa, which has showed red figures for the third year in a row.

The company suffered a 34 million kroner loss in 2013 compared to 25 million kroner the year before, Detailfolk reports.

The deficit is "unsatisfying" according to the management's review, which called 2013 "a challenging year, where the focus was on updating and Noa Noa's brand and design profile".

Revenue slipped to 455 million kroner in 2013 compared to 470 million in 2012.

The clothing brand Noa Noa was established in 1981. Today the company operates 168 stores throughout Europe.

Until relatively recently, the Faroese needed to catch a boat every time they wanted to travel to one of the 18 islands (photo: Vincent van Zeijst)
Parliament election on Faroe Islands announced
Kaj Leo Holm Johannesen, the prime minister of the Faroe Islands, has annou...
The port of Calais is not this peaceful or visible today (photo: Luctor)
French sailors striking against DFDS purchase in Calais again
Hundreds of French sailors blocked access to the city of Calais, France thi...
The accused has appealed, denying all charges (photo: iStock)
Dane found guilty of raping his teenage stepdaughter
A 51-year-old man from Maribo on Lolland was today found guilty of repeated...
Protests against uranium mining in Greenland came to Copenhagen today (Photo: Alberto Otero Garcia)
Anti-uranium rally in Copenhagen
About 80 protestors joined Chemnitz Larsen (IA), Greenland’s representati...
Few Danish children suffering from anxiety disorders get adequate support (photo: iStock)
Anxiety an increasing problem for Danish children
According to several municipalities in southern Jutland, increasing number ...
Older people should get more to dance about, says poll (photo: Bill Branson)
Danes want more money spent on the elderly
More money should be spent on taking care of the elderly, even if it means ...