All Freddy Sobin articles
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ArticleXXL initiates new operating model under new CEO; reports Q2 loss
Norwegian retailer XXL ASA reported another weak quarter of results but also some progress on its initiative to develop a new operating model under CEO Freddy Sobin, who has been on the job for two-and-a-half months. The Q2 Ebitda loss was 57 million Norwegian kroner (€4.9m), which included a NOK ...
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News briefsXXL's struggles continue, warns on Q2
Persistent weak consumer demand, resulting in a need for aggressive pricing and promotions, continues to plague Norwegian retailer XXL ASA. The multi-country operator, slated to formally report Q2 results on July 14, is forecasting lower Ebitda, gross margin, and revenues for the period. Second quarter Ebitda is forecast to come ...
