Article: Swedish Axfood reports 1.1% drop in February sales.(Financial report)

NORDIC BUSINESS REPORT-5 March 2009-Swedish Axfood reports 1.1% drop in February sales(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Stockholm-listed retail group Axfood AB (Stockholm: AXFO) said on Thursday (5 March) that consolidated net sales in February fell by 1.1% to SEK2.4bn year-on-year.

Sales for the period January-February 2009 in wholly owned stores rose by 4.9%, while like-for-like sales decreased by 0.2%. Consolidated net sales rose by 3.1% ...

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