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Clas Ohlson to close seven stores in UK
Clas Ohlson has decided to change store format in the UK. Seven stores will close ...
Biltema-CEO resigns after disagreement
Biltema has some problem keeping their CEO’s. Sweden-CEO Anneli Borg Lundgren now stops with immediate effect after just half a year. Behind is disagreement. (more…)
ICA to deliver groceries all the way into the refrigerator
A pilot project from ICA aims to develop a future way to shop for groceries online. With a digital lock installed on the door, the customer can get their food delivered all the way into the home and unpacked to the refrigerator even if the customer is not at home. (more…)
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 […]
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 […]
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…)
Fashion chain expands commitment to the textile workers’ rights
Fifty Chinese fashion factories are included in a project, five of which are suppliers to Lindex, in a project to educate textile workers of their rights. After a successful pilot in autumn 2015, Lindex scales up its efforts in the project. (more…)
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 […]
Norway – Clas Ohlson’s largest sales drop
Despite seven new stores, Clas Ohlson’s sales decreased in March. The big drop came in Norway – even in local currency. (more…)
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 […]
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 . […]
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 […]
Stockmann’s Crazy Days dropped 3%
With change of month for the Crazy days campaign, the Stockmann Group’s sales in March were down by 26.9 percent and amounted to 84.0 million EUR in the continuing product areas and businesses. Without the campaign effects, the sales seem to have dropped 1.4 percent. And the Crazy days held in April dropped 3 percent compared to last […]
New CEO of Carlings
Young fashion and jeans specialist Carlings recruits a new CEO, Ronny Mikalsen succeeds veteran Rune Martinsen. (more…)
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 […]
Another Nest puts all Skåne stores out of business
The multibrand fashion chain Another Nest has put its five Skåne stores out of business – less than a year after the premiere of the chain. “The reason is poor profitability and declining sales at the locations, said bankruptcy trustee Ola Sellert on Trägårdh law firm. (more…)
Majority of Fona’s 2 billion sales to end up at Elgiganten
The closure of 46 Fona-stores and Elgiganten’s acquisition of ten means that the market shares in Denmark will look very different from this summer. Fona’s annual sales of two billion DKK is on stake. While Elgiganten quickly will accelerate its number of stores by 35 percent and get a firmer grip on the major cities, the expansion […]
Dagrofa’s expanding private label: ”We have a winner”
Dagrofa thanks its Gestus brand for a strong growth in sales of private label products. With Gestus as a spearhead sales of its own brands grew by 10 percent in 2015 . ”The great consumer interest for Gestus series stresses that we have a winner with a food brand that puts quality and taste of everyday life for a […]
Mio to build a new 5000 sqm store in Uppsala
Mio chooses to move to Gränby in Uppsala for a 5000 square meter store. The store will open in two years. but already this year, five more Swedish stores will open. (more…)
Polarn O Pyret leaves China and Holland – targets Finland and Norway
Polarn O. Pyret has today taken the decision to close the smaller and unprofitable operations in the Netherlands and China and to expand the number of stores in Finland and Norway. “The net number of stores will increase over the next 15 months, ” says Magnus Håkansson, President and CEO of RNB. (more…)
Kesko must sell 60 stores to competitors
The Finnish Competition and Consumer Authority has granted Kesko permission to acquire Suomen Lähikauppa, but with an obligation to sell 60 stores to competitors. (more…)
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…)
Elkjøp aquires Danish electronics chain Fona
As expected – Elgiganten takes over Fona’s brand and operations in ten stores in Denmark with plans to turn it into a multichannel city concept under Elgiganten’s label. ”We have good experience from Norway and Sweden, with shops in the city center, and therefore we are happy with this agreement, ” said Jaan Ivar Semlitsch, […]
Synsam to open 100 stores with new concept
Optician chain Synsam is investing in a new business in optics and sports glasses. Synsam Sports will offer personalized glasses, specialized for 18 different sports. The new chain will be established in about 100 Nordic locations. The first store opens at Sankt Eriksplan in Stockholm on 18 April. (more…)
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 […]
Varner Group set to open new chain for women
Varner Group’s new fashion chain for women, Days like this, open the doors to eleven stores next week. Cubus and Bik Bok is already specifically targeted at women, but now the Norwegian fashion group further such a chain in his portfolio with 11 new stores + online sales already this month. ”Days Like This is a […]
ICA’s Easter sales boosted Q1
ICA’s sales the first quarter of 2016 improved with strong March- and Easter-sales, reaching 5.1 percent. Hypermarkets continue to be the strongest performer in the Group. (more…)
Nelly.com to cut staff with 35 people
One of Scandinavia’s largest fashion portals, Nelly.com, has given 35 people notice. The layoffs are related to staff at offices in Borås and Stockholm. (more…)
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…)
Three nominees for Swedish city center award
Borås, Varberg and Umeå are the nominees for the year’s Swedish City Center in 2016. ”City centers face more complex challenges today,” says Björn Bergman, CEO of the Swedish city centers (Svenska Stadskärnor). (more…)
Coop converts SuperBrugsen to new smaller city concept
SuperBrugsen has just begun the refurbishment and conversion of three stores in Copenhagen into a new concept, the new supermarket-convenience-brand Brugsen will open at the end of the month. (more…)
JC in crisis – applies for reconstruction
JC’s CEO Thomas Behring resigned the other day. Yesterday, April 6, the company applied for reconstruction at the Stockholm District Court. (more…)
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…)
H&M’s sales up 9 percent – passes 4000 stores
H&M reports a 9 percent sales increase for the first quarter, but the negative US-dollar effect won’t be neutralized until the last quarter this year. ”This has made our purchasing much more expensive, as well as increased markdowns due to larger volumes of winter garments that remained as a result of the warm autumn,” says […]
Clas Ohlson to close seven stores in UK
Clas Ohlson has decided to change store format in the UK. Seven stores will close – instead Clas Ohlson starts opening stores with new and smaller formats aimed for multichannel. (more…)
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…)
Media Markt invites to dance at 10th anniversary
Media Markt is celebrating ten years in Sweden – and releases a new advertising concept. (more…)
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 […]
Regional centre invests in spectacular playground
Gränby Centre invests in a spectacular playground ”The new playground is designed as a miniature Uppsala,” says Daniel Kvant-Suber, business developer, Atrium Ljungberg. (more…)
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…)
Tokmanni prepares for IPO
The Finnish retail chain Tokmanni is now considering listing on the Helsinki Stock Exchange’s main market to raise its profile. (more…)
Coop to double sales of organic food in two weeks
Coop Danmark is working hard to double the sales of organic food before 2020. Now t’s going to try to do it in two weeks. All1,200 stores are participating and some of them will completely remove non-organic food from the shelves with milk, eggs, fruits and vegetables. (more…)
Fashion celebrity to change name after shopping centre adoption
Bergviks Shopping shopping centre in Karlstad is about to be relaunched. But also adopt Odd Molly founder Per Holknekt who will change his name – to Bergvik. “What I know, no one has adopted a celebrity before,” says Ida Svensson, center developer in Bergvik. (more…)
Stockholm social supermarket is looking for new premises
Social supermarket Matmissionen is now looking for new premises after the fire in the premises, in Rågsved in southern Stockholm. (more…)
JC-CEO resigns
Thomas Behring resigns as CEO of the fashion chain JC. (more…)
Dagrofa sends back 1.5 million to the producers
Dagrofa campaign “Choose Danish – you buy, we give”, has sent more than 1.5 million DKK back to producers in Danish agriculture. (more…)
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. […]
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…)
Bruuns Bazaar saved by Hanssen Brands
Danish fashion brands Bruuns Bazaar & BZR survives as Hanssen brands buy both brands. (more…)
Angry carpenter the new face of XL Bygg
XL Bygg engages the Swedish Angry carpenter. TV profile Anders Öfvergård will be the building chain’s face in various advertising activities. (more…)
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 […]