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Archive | Department stores

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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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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ABC-chain gets local customization concept

The ABC chain is renewed, after about 20 service station stores begin to run their operations under the name Lähi ABC! with services targeted primarily to local customers, who are offered easy shopping eating, refueling and continuing connection with the purchase. The rebranded stations are located mainly in urban areas. (more…)

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Biltema targets small city locations

Swedish Biltema makes an impression wherever the chain opens a department store. Now two small Swedish municipalities, Nässjö and Avesta, has made an agreement with the chain. ”The important thing for us is that we can establish ourselves in a good position. We need to be where the traffic is,” says Anders Selfors, establishment manager, Biltema. […]

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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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Jula to open four Norwegian stores – and number eight in Stockholm

Jula’s rapid expansion in Norway continues. During spring opens Jula all four new stores in the Norwegian market. ”Jula in Norway is one long success story since the first store opened in 2008. The establishment rate is still high and we still see more potential,” says Per Jacobsen, CEO of Jula Norway. (more…)

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KeskoAnttila_7879

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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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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Clas Ohlson tapeter.

Clas Ohlson to expand home interior range –and open more Norwegian stores

Clas Ohlson further expands in Norway and opens new stores at Amfi Finnsnes, Voss and Maxi Sandnes. The shops all have planned opening before summer 2016. At the same time a new product range is announced for the Nordic markets where the higher price level products won’t be available in stock in store. (more…)

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KeskoAnttila_7879

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,” […]

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Stockmann Moskva

Lindex’s excellent Christmas sales lifts Stockmann in December

The Stockmann Group’s sales in December amounted to 173.7 million EUR, of which retail sales under the Stockmann and Lindex brands, excluding Russia and the product areas the company has withdrawn from, amounted to 146.0 million. Sales in the continuing product and market areas were up 1.6 percent due to Lindex’s excellent Christmas sales. The […]

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Clas Ohlson, Ealing UK.

Clas Ohlson increased Christmas sales by 13 percent in Finland

Clas Ohlson sales increased by 5 percent in December to 1,114 MSEK (1,066). In local currencies, sales increased by 7 percent. Total sales during the first eight months of the fiscal year (May to December 2015) increased by 5 percent to 5,540 MSEK (5,269). In local currencies, sales increased by 7 percent. Growth in Finland was […]

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Stockmann_z

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…)

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Clas Ohlson, Ealing UK.

Clas Ohlson set November record

Clas Ohlson had a highly favourable start to Christmas shopping. Sales in November increased by 8 percent to 809 MSEK, with a particularly favourable performance in Finland where sales increased by 19 per cent in local currency. CEO Klas Balkow says weakening currencies is a challenge, but earnings is on par with the preceding year’s level. (more…)

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Cecilia Mortimer Åhlens

Åhlens to gear up e-commerce with new director

Åhlens dismantles the stores in Norway, but is now focusing on Scandinavian e-commerce on a large scale starting next year. In line with this strategy comes the creation of a new service e-commerce manager. “There is a great potential for Åhléns with digital sales, which I look forward to further development,” says Cecilia Mortimer Meurling who’s […]

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Puuilo

Adelis aquires Finnish discount retail chain Puuilo – sets out large expansion plan

Here is the next expanding discounter in  Finnish retail. Private equity investor Adelis will make over the majority stake in Puuilo. ”Our goal is to double the number of stores in the coming years”, says Markku Tuomaala, CEO of Puuilo. At the same time, Tomas Franzen, the former CEO of Biltema and ÖoB, will invest and […]

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Wefood

First social supermarket for surplus food to open in Copenhagen

New rules from the Danish Environment and Food Ministry opens up for WeFood – Denmark’s first store with surplus food. “Precisely the rule-simplification, we have been waiting for,” says Secretary General of DanChurchAid Birgitte Qvist-Sørensen. The new store with surplus food will open in early 2016 in Copenhagen. (more…)

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Stockmann Moskva

Breakthrough: Stockmann to sell Russian department store business to Debenham’s franchisee

  Now Stockmann has signed an agreement to sell its Russian department store business to Reviva Holdings Limited, which is the owner of Debruss, the Russian franchisee of the international department store chain Debenhams. ”Stockmann is targeting a turnaround in its profitability, and therefore we have decided to withdraw from the entire Russian department store […]

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Tokmanni

Tokmanni to open four new stores same day

Discount tore chain Tokmanni will open four new stores on Thursday this week – reaching 13 news stores this year. One of them will have the new compact city concept. ”We have improved the customer experience significantly during the current year by reforming our stores look and developing the product range, especially the sale of seasonal products,” Tokmanni’s […]

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Åhlens to hire refugees in large diversity project

Åhléns is investing in diversity – and has a stated objective that at least 20 percent of the workforce within the Åhléns concepts should have international backgrounds in 2020. New 13 asylum seekers are recruited to the new Café Å lait. ”We must act with both heart and brain in business life and it’s important not […]

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Europris ready to peak in the end of 2015

Norwegian discount chain Europris is one of the strongest performers in retail ”On back of a slower pace of growth in the Norwegian retail sector, I am very pleased to see that Europris outperforms the sector in yet another quarter. Europris is responding actively to changing market conditions, and we are following our growth path […]

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