Swedish retailer Clas Ohlson's sales fall 11% in February
STOCKHOLM (Reuters) - DIY and homewares group Clas Ohlson said on Wednesday organic sales fell 11% in February, despite a 112% jump in e-commerce as many shoppers moved online due to the COVID-19 pandemic.
The Swedish budget retailer reported a 6% drop in pretax profit for its fiscal third quarter to the end of January from a year earlier, to 265 million crowns ($31.1 million) on a sales decline of 9%.
($1 = 8.5269 Swedish crowns)
(Reporting by Anna Ringstrom, Editing by Helena Soderpalm)