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Finnish retail sales volume increased by 3.7 percent in February

Finnish retail trade grew by 2.1 percent in February compared to last year. Both daily consumer goods trade and department store trade generated a growth of 2.3 percent. According to Statistics Finland, sales in total trade increased by 1.9 per cent in February from February 2015. Wholesale trade fell by 1.0 percent from the previous […]

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Jula made over half a billion profit

Jula had a tough year – but still makes good money in Norway.  Profit before tax totaled 84 million NOK from a turnover of 1.7 billion . ”The result indicates financial strength. We manage to make money in a tough climate. Meanwhile, the competition becomes more intense, and there are many challenges that we have to tackle in the long […]

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Danish sports chains merge to ”a perfect match”

Danish sports chains Sportigan and Sport 24 has merged their headquarters. This creates a sports chain with a turnover of over a billion DKK. Sportigan and Sport 24 will together have 175 stores, but will keep their brands and merge only administrative tasks and logistics. (more…)

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H&M increased sales by 2%

H&M had a small sales development in March 2016 As previously announced in conjunction with the three-month report 2016, sales including VAT in March 2016 increased by 2 percent in local currencies for the H&M group compared to the same month last year. The dates of Easter holiday and spring weather during March and April can vary […]

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Stylepit: We will come out stronger with Bestseller

Danish online fashion Stylepit is now a part of Bestseller A / S Group. Wednesday it was taken off the Stock Exchange, and is thus owned by Bestseller A/S Group, who says it’s got a full-function company in the portfolio. ‘It is clear that with Bestseller as the owner, we are in a completely new situation, creating both […]

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Lidl switches store design

Lidl has presented its new store identity in Finland – switching colors from blue to grey, introducing wider corridors and re-located departments but also improved facilities for the staff. The new look from spring 2016 onwards is based on deep consumer surveys. ”People prefer to visit the grocery store without a feeling of congestion,” says Country Manager Lauri Sipponen . […]

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Undramatic Swedish fashion sales in March

Style index from Svensk Handel Stil shows that sales of clothing in the dealer channel, measured in comparable units and in current prices, fell by 0.3 percent in March compared with the same month last year. The corresponding figure for sales in shoe stores show a decrease of 3.8 percent. So far this year, from January […]

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He takes the position as new pharmacy chain CEO

Pharmacies chain Kronans Apotek now has a new President. Lars Birkeland leave his post and is replaced today by Stig Tornell, former assortment and marketing director. Stig Tornell’s retail experience comes from a variety of positions in marketing, purchasing, store operations and sales, including the Reitan Sweden AB (Pressbyrån and 7-Eleven), Shell and the ICA Group. Since […]

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AMF to change office to Mood-block

AMF Fastigheter’s urban development strategy also contains the company itself. Now AMF moves its office into the block containing the Mood-mall and gets Regeringsgatan 59 as new adress. The office, covering 1700 square meters on two levels, is aimed to be a natural meeting place and center for employees and visitors. (more…)

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Media Markt: ”We are ready to expand in Sweden again”

After a series of cancelled store openings in 2012, Media Markt now says it is now prepared to open several new stores. The chain says that the number of profitable stores now have doubled – and points to a 67 million improvement despite  230 million SEK in losses last year. “We can confirm that the business is developing according […]

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Danish vintage giant fires CEO

The CEO of the Danish online vintage fashion store Trendsales resigns immediately. ”It is true that Trendsales’ and now former CEO Rasmus Goth Engel have agreed to separate with immediate effect, says Martin Falslev Andersen, co-founder of Trendsales to TV2. (more…)

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Biltema to open its largest store at Infracity

Biltema builds its biggest department store. The location is Infra City in upplands Väsby not of Stockholm. “The department store has great potential to be a really great unit considering all the traffic in the area,” says Anneli Borg Lundgren, CEO of Biltema. (more…)

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Dansk Supermarked to invest billions in expansion and refurbishing

Dansk Supermarked Group (Danish Supermarket Group) will annually invest 2 billion DKK in the construction of new stores, refurbishment of existing and further development of the company’s e-commerce platforms. In 2016 more than a billion will be invested in Denmark. This was announced with the annual result in European top class. (more…)

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Bygghemma goes for exclusive payment solution

Bygghemma has extended its partnership with payments company Svea Ekonomi and now gives them  exclusivity for payment solutions in Sweden, Norway and Finland, with the intention of eventually expanding to additional countries. “For us it is important to have a full partner, Svea Ekonomi is flexible and committed and relieve us in our work. Anything […]

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Beijer Bygg acquires craftsmen broker

Beijer Building invests in Brabyggare, a Swedish brokerage services for construction projects. The purpose of the investment is to facilitate the meeting between quality assured professional builders and private clients and strengthen Beijer’s position in e-commerce. (more…)

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Per Thelin: ”I completed my job faster than expected”

Stockmann’s resigning CEO Per Thelin says he completed the reorganization the Board hired him to do. But he is ready to continue as an adviser to Stockmann’s management. ”We have now taken all the big stages and completed some. Originally, we estimated that it would take two years, but we have achieved it already,” he tells FNB. […]

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Jula to follow up customer loyalty program success with pro-club

Jula’s customer club, JulaClub, has now reached 2 million members. “It’s fantastic! 2 million JulaClub members is a proof that we have many dedicated customers. JulaClub is an extremely important key role in our endeavors to always meet the customer in the right way, “says Joachim Frykberg, CEO of Jula AB. (more…)

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Per Thelin leaves Stockmann

With a new Chairman, the turnaround specialist Per Thelin leaves his position as Stockmann’s CEO only 17 months after he took the job. ”The agreed strategic actions – in particular the divestments of Russian department stores and Seppälä – have been carried out as planned. The company structure consisting of Stockmann Retail, Real Estate and Lindex has been […]

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