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Media Markt_1861

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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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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Per Thelin 15.34.56

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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Kesko grew on all areas

Kesko Group’s sales in February 2016 totalled 656.8 million EUR. In comparable terms excluding Anttila, sales increased by 5.6 percent in local currencies. “In February, Kesko’s sales increased in all strategic growth areas: the grocery trade, the building and home improvement trade, and the car trade,” says Kesko’s President and CEO Mikko Helander. (more…)

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Citycon to have 75 % of all shopping centers certified

Citycon has launched an extensive project to introduce BREAAM In-Use certification for its shopping centres. So far, a total of 16 shopping centres owned by Citycon and four managed by the company have been granted the BREEAM In-Use certificate. Of these, eight are located in Norway, four in Finland, three in Sweden and one in […]

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New buildingware CEO a one-year-solution

DT Group, the largest buildingware retail actor in the Nordics, has a new President, the Stark-CEO Søren P Olesen. But only for the next 12 months. “As Søren P. Olesen must hold two major CEO positions over the next year, our owner Wolseley will wait before they make the position permanent,” says CFO Søren Strøm. (more…)

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Citycon to sell off Baltic shopping centre

Finnish based shopping center company Citycon has signed an agreement to sell the Magistral shopping centre in Tallinn, Estonia, to the Baltic commercial property fund EfTEN Kinnisvarafond II AS. The purchase price is 24 million EUR. “This divestment is in line with Citycon’s strategy to focus on urban, grocery-anchored shopping centres in the Nordics and […]

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Kesko genre

Kesko joins ICA for international home and specialty goods sourcing

Kesko partners up with Swedish ICA’s international ICA Global Sourcing (IGS) in international purchasing for Kesko’s home and speciality goods trade, to an extent of which is unprecedented in the history of Kesko. The strategy is to achieve a more diverse selection of home and speciality goods available at K-food stores.  The key objective of the sourcing cooperation mainly from […]

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Kesko increased profit 2015

Kesko’s net sales last year were 8,679 million EUR, excluding Anttila they remained at the level of the previous year. Sales of groceries suffered from declining prices. ”We can be satisfied when we take account of the continued weak trend in the purchasing power of the main market area in Finland, says President and CEO Mikko Helander. […]

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H&M Hawaii

Former Google CEO to H&M board

H&M’s nomination committee has proposed two new members of the board of directors, the former Nordic director of Google, Stina Honkamaa Bergfors, and the lawyer Erica Wiking Häger. ”From her various leading positions in companies such as Google and IKEA, Stina Honkamaa Bergfors has gathered solid and valuable experience within media, digitalisation and entrepreneurship,” says Chairman […]

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Stockmann Moskva

Stockmann’s Russian department stores sold

Stockmann has today completed the divestment of its department store business in Russia to Reviva Holdings Limited. The transaction has been approved by the Russian Federal Antimonopoly Service. Reviva bought 100 percent of AO Stockmann, a Russian subsidiary of Stockmann plc, and assumed operations of all seven department stores in Russia from 1 February 2016. Stockmann […]

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Sebastian James_anpassad

Elkjøp’s Nordic Christmas – up 3 percent

Elkjøp Group’s Christmas sales, including Black friday and sales period over New Year, was great in Sweden, good in Norway and tough in Denmark and Finland. That’s the conclusion after Dixons Carphone, owner of Elkjøp Group, today published it’s trading statement for Christmas, ten weeks ending 9 January. The Group now sets high hopes on their B2B-solution […]

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