IC Group Q2 same-store sales decline by 12.9 percent

For the second quarter, IC Group revenue from continuing operations excluding Saint Tropez amounted to 271 million Danish krone (41.3 million dollars), up 1.1 percent or 3 percent in local currency, driven by Tiger of Sweden's wholesale channel, which reflected the positive effect from the brand's execution of its present strategic business plan. However, revenue from the retail channel decreased primarily driven by the physical stores and the same-store revenue was down by 12.9 percent.