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…)
Archive | Press announcements
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…)
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 […]
Savills sells Solbacken retail park to Regio
Solbacken switches owner, to Regio who introduces a new asset manager. (more…)
Alko to start online sales of all alcoholic beverages
The Finnish state-owned alcohol monopoly-chain Alko will start e-commerce this year. The aim is to offer the full range. “Our customers can use our services precisely in those channels where they want. By bringing our full range for purchase, we can better serve our customers, “says Alko’s business manager Paula Kujansivu. (more…)
Kiwi makes Kiwi+ official
Danish KIWI is now rolling out the extra large discount stores. The offensive kicks off with the launch of the name KIWI + and with the opening of the fifth bigger store, this time in Frederikshavn. (more…)
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 […]
Tools to be completely cash free
Ten stores do fine without any cash in the stores. Now all 43 Norwegian Tools-stores will be completely cash free. ”We believe the time is right and the market is ready for cashless stores,” says CEO Jens Kristian Henriksen. (more…)
Qliro recruits new CEO from Dustin
Qliro Group has found its successor to Paul Fischbein. Marcus Lindqvist has been appointed CEO and assumes his new role in August 2016 at the latest. His most recent role was Head of B2B Sweden & Products at Dustin. Prior to Dustin, he served as Country Manager for Sweden at Hewlett Packard’s PC division, as well […]
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 […]
Lindex to use customers as underwear models
The past two years Lindex has involved employees as models for the Bra-volution campaigns. This year, they asked the customers to be underwear models. 6 women out of 700 applicants was chosen. (more…)
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 […]
Awarded as best in press release work
Happy Homes has one of Sweden’s best press room – according to the pressrelease service MyNewsdesk. (more…)
Kesko’s sales increased in in all divisions
Kesko Group’s sales in December 2015 totalled 781.8 million EUR. In comparable terms excluding Anttila, sales increased by 3.0 percent in local currencies. “In December, Kesko’s sales increased in all divisions, especially in the car trade and the home improvement and speciality goods trade. Sales grew also in the grocery trade, although prices continued to decline further,” […]
After Norway exit – ICA to merge real estate companies
ICA Fastigheter and ICA Fastigheter Sverige will be merged. The merger of the Swedish operations is a natural step for the real estate on the grounds that the entire Norwegian property portfolio will be sold. In connection with the merger, Michael Johansson leaves role as CEO of ICA Fastigheter Sverige AB. Lena Boberg continues as CEO of […]
Stockmann to fight 19.6 million extra taxation in Finland and Sweden
The Stockmann Group has received tax reassessment decisions from the Finnish and Swedish tax authorities requiring the Group companies to pay 19.6 million EUR in additional taxes, including punitive tax increases and related interest. Stockmann says in a statement it considers the decisions unfounded and will appeal against them. (more…)
Newsec to merge with Tuloskiinteistöt
Newsec and Tuloskiinteistöt Oy are merging their property advisory teams and property transaction services, including advisory services, commercial leasing and valuation. (more…)
Byggmax to complete aquisition of Skånska Byggvaror
Byggmax completes the acquisition of all outstanding shares in Skånska Byggvaror. Skånska Byggvaror is an online based retailer in the do-it-yourself market for refined building material. The Company has operations in Sweden and Norway with an assortment focused on the building’s interior and exterior environments, ranging from windows and doors to storage and conservatories. Over […]
Finnish retail sales up 1.2 percent in November
According to Statistics Finland’s retail trade flash estimate, the sales of retail trade increased by 1.2 percent in November from November 2014. Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 2.6 percent. In daily consumer goods trade, sales contracted by 0.4 percent […]
Aberdeen to manage 10 billion Danica portfolio
Aberdeen Asset Management in Denmark takes over the management of 107 properties in Danica Pension’s real estate portfolio, with a value of approximately 10 billion DKK as of 1 February in 2016. (more…)
Stockmann to issue hybrid bond
Stockmann plc is considering the issuance of a hybrid bond. The potential issue is expected to be launched in the near future subject to market conditions. The funds received from the hybrid bond would be used for Stockmann’s general corporate purposes and refinancing of existing debt maturing in 2016. The hybrid bond would thus also […]
Kappahl recruits new CEO from H&M Denmark
Swedish fashion giant KappAhl has found its replacer for Johan Åberg. Danish Danny Feltmann Espersen from H&M will take the position as Group CEO. (more…)
Elgiganten to take over service and repairs partner
Elkjøp Group takes over its main partner for service and repairs, InfoCare Workshop. ”The acquisition will strengthen our service offerings to our customers by ensuring efficient repairs and an even better service offer, says the Nordic country managers. (more…)
They run Norway’s best Kiwi-store
The staff at Kiwi in Årnes wanted more than just being the best in their region. Yesterday they were awarded best Kiwi-store in the country. ”The goal from day one has been to become the best in Norway. The whole staff has worked on this,” says a happy store manager Lasse Skinstad at Kiwi Årnes. […]
Euronics Norway sold to Swedish EEL
The Swedish EEL Group merges with the Norwegian consumer electronics company Euronics Norway – making Euronics merchants shareholders in EEL and creating a Nordic appliances leader. To ScandinavianRetail.com, Kenneth Baltzersen, CEO of Euronics Norway, says Euronics will gain more purchasing power and that the weight of appliances in Euronics stores probably will increase. ”But we will […]
Online customers less tolerant to bad customer customer experience
Bad return policies and technical failures during peak seasons will cost online retailers a lot of customers, not only once but for following years. A new study reveals that customer experience is crucial for business success as 7 out of 10 Swedes say they would switch to an alternative retailer based on poor online experience. (more…)
Stable quarter for Ica Group
Ica’s consolidated net sales amounted to 25,542 million SEK (22,223) during the second quarter. Excluding acquisition effects, the increase was 4.3 percent. Operating profit excluding non-recurring items was 1,018 million SEK (985). “ICA Gruppen delivered a stable second quarter with increased market shares in Sweden, the Baltic countries and the pharmacy operations. After several quarters […]
PoP-CEO resigns for new job at Efva Attling
After three years as CEO, Anders Wiberg is leaving his position at Polarn O. Pyret. His new chair will be at Efva Attling. (more…)
Atrium Ljungberg to sell four shopping centers for 1.3 billion
Atrium Ljungberg divests four Swedish shopping centers, among them the malls Igor in Västerås and Mittpunkten in Östersund. The strategy is to focus on four cities only. (more…)
Byggmax reports super quarter sales
As previously announced, the buildingware discount chain Byggmax’ sales in the second quarter was unusually high. Net sales were up 13.9 percent – 10.3 percent for comparable stores. (more…)
H&M sales increased by 14 %
The H&M Group’s sales including VAT increased by 14 percent in local currencies in June 2015 compared to the same month the previous year. H&M estimates the sales in June have been positively affected by calendar effects of approximately 3 percentage points. The total number of stores amounted to 3,642 on 30 June 2015 versus […]
IKEA Foundation to give 38 million EUR aid to refugees
UN refugee agency UNHCR has received a grant of 38 million EUR from the IKEA Foundation to help the refugees and host communities in Burkina Faso and Ethiopia. ”We believe that every child deserves a quality education, a sustainable family income, and a healthy start in life,” says Per Heggenes, CEO of IKEA Foundation. (more…)
37% up for Byggmax’ profit
Byggmax announces preliminary figures for the second quarter before the quarterly report because of significantly increased profits. During the quarter the sales grew with 14% compared to the same period last year, and the net profits grew with 37 percent. In the quarter; sales was 1 299 MSEK, EBIT 131 MSEK and the net profit […]
Swedish Match opens Gothenburg snuff store
On Friday opens the Swedish Match’s first snuff shop on Kungstorget in Gothenburg. The shop offers snuff interested customers a unique experience of snuff crafts, history and quality. (more…)
Postnord aquires Finnish logistics company
PostNord takes a big step on the Finnish market by acquiring Uudenmaan Pikakuljetus Oy (UPK) from Danish DSV. The acquisition will increase PostNord’s Finnish operations by approximately a third. ”UPK’s and PostNord’s operations complement one another perfectly,” says Jari Rinnekoski, CEO of PostNord in Finland. (more…)
Elgiganten upgrades in Denmark
Elgiganten is awaiting Expert’s move towards larger stores in Denmark. Meanwhile they upgrade their own stores – the new premises in Vejle are three times bigger than the former store. ”We want to shape the future Elgiganten here in Vejle,” says store manager Mich Petersen. (more…)
Stockholm to get first Nordic Social Supermarket
Stadsmissionen in Stockholm will open the first Nordic Social Supermarket together with Axfood. A number of co-financiers from the food sector will be donating food near or with passed expiration date, or goods that is by any other reason not possible to sell in a regular store. The goal for the store is to take advantage of 200 tons of food in the […]
Teknikmagasinet sold to private equity fund
Teknikmagasinet has a new major shareholder as Segulah enters. At the same time the chain appoints a new CEO. (more…)
Growing footfall for Mood Stockholm
Mood Stockholm is getting a stronger foothold. So far this year the number of visitors has increased by six percent and the turnover rate is twelve percent higher than last year. (more…)
Stockmann without help from Lindex in May sales
Stockmann had a tough, but expected May sales, with a 11.8 percent decline. Lindex’ sales went up in central Europe – but suffered from cold weather in the Nordics. (more…)
Coop-president resigns for international top job
Michael Løve, Group CEO of Coop with the ultimate responsibility for the chains Kvickly, Dagli’Brugsen, Fakta and Irma -moves on to a position as a director of an international retail business and will thereby leave Coop Denmark at the end of August. ”I’ve got a unique opportunity to realize a dream to try out abroad and […]
Eleven.se to take over online beauty store
Eleven.se aquires an online beauty store from Aftonbladet. (more…)
Clas Ohlson to open in Iso Omena
Clas Ohlson is far from established at the most attractive retail locations in Finland. Now, the Swedish ”kindergarten for men” opens a new store in Iso Omena, Espoo, Finland. (more…)
Kappahl to open special brand stores
KappAhl will be opening further stand-alone stores for its brands. In November this year the first store of the Hampton Republic 27 brand and the second store for the baby range Newbie will open in Mall of Scandinavia. – An important part of our plan for KappAhl is to develop strong brands and make them […]
Ica’s goal: To recruit 50 % female merchants
Today, 18 percent of Sweden’s 1533 Ica retailers are women. It is not enough, says Ica, and encourages more female store employees to take aim at their career. (more…)
Swedish durables sales increased by 5.6 %
The retail trade sales volume in Sweden increased by 3.0 percent in April compared to the same month last year. Retail sales for consumables decreased by 0.4 percent while retail sales for durables increased by 5.6 percent. (more…)
He is the new CFO of Stockmann
Lauri Veijalainen has been appointed new Chief Financial Officer of the Stockmann Group. He will succeed Pekka Vähähyyppä who will leave Stockmann in August 2015. Lauri Veijalainen is currently Deputy Director for Stockmann’s Real Estate division and Development Director for the Group’s international operations. He will continue as a member of the Stockmann Management Team and he […]
CEO-switch in Cloetta
Ville Perho has been appointed President of Cloetta Finland. He succeeds David Nuutinen who was appointed President and CEO of Cloetta AB on May 11. Ville Perho has worked as Sales Director of Cloetta Finland since 2010. He has also worked as Head of Key Account Management and Head Category Development at Cloetta Finland. Ville […]
Savills partners with Nybolig
International real estate advisor Savills has expanded its European network through an agreement with Nybolig Erhverv in Denmark. (more…)