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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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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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Skanskabyggvaror

Skånska Byggvaror to start shop-in-shop in five Plantagen-stores

Skånska Byggvaror expands its omnichannel offer by opening five new Swedish stores – as large shop-in-shop solutions at Plantagen garden centers. “The shop-in-shop solution at Plantagen is a dream scenario for us,” says Beiron Palm, Manager of Business Development and Production at Skånska Byggvaror. (more…)

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Indiska

Indiska applies for reconstruction

Indiska has submitted an application for reconstruction. A weak autumn and Christmas sales have worsened the situation of the pressed fashion and interior design chain. “In order to realize Indiska’s potential, we need to jointly implement the change plan developed and it is only possible during a reconstruction,” says newly appointed CEO David Rönnberg. Several unprofitable stores […]

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Mio bjorn-lindblad-3642

Mio-CEO: We are the winner in a winning category

Furniture chain Mio Group reports a very strong first half. Consolidated operating profit amounted to 90 MSEK (53), which is an improvement of 72 percent. Sales growth is very high in all the chain’s stores and even higher in the group’s own stores. “While the furniture trade is a winning trade in consumer durables, Mio […]

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Kesko’s buildingware best performer in November

Kesko’s sales increased in November by 1.7 percent in local currencies. “Kesko’s sales increased particularly in Finland in the building and home improvement trade and in sports trade. In the grocery trade, sales were at the level of the previous year and the general decline in prices continued”, says Kesko’s President and CEO Mikko Helander. In Kesko’s grocery […]

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Ikea’s revenue 2015: 32.7 billion EUR

Ikea Group’s net income landed at 3.5 billion EUR for the fiscal year 2015th. Most of the growth is from comparable stores, but also new stores and continued development of e-commerce has contributed to the result. Although growth is evenly distributed across most markets, Germany shows record growth while southern Europe is a positive development. The […]

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Ikea

IKEA to share 105 million EUR extra with employees

IKEA gives its employees 105 million EUR extra this year in future pension provision, distributed to 128,000 people in 43 countries. For the Nordics, this means 14,000 SEK, 14,582 NOK, 11,233 DKK or 1176 EUR per full-time working person. ”All employees who’s worked five years of operation, or more, are qualified,” says HR director Karin Bergman. […]

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Ikea to open pick-up point-concept in central Oslo

Ikea wants to open a click and collect store in central Oslo. The new store  could open within Ring 3 already before September  next year. ”Ikea Furuset needs relief now. We see that an Ikea service & pick-up point in central Oslo is the way to go, says communication manager at Ikea Norway, Jan Christian Thommesen. (more…)

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Mari Gustafsson Ikea umeå

Date set for Ikea Umeå opening

The doors of the new Umeå Ikea store opens 26 February 2016. three weeks before the adjacent shopping center. It will be a very climate friendly store,  heated and cooled with geothermal heating and all lighting is LED. Ikea Umeå will, together with all other Ikea Group stores and buildings in the Nordic region, completely energy […]

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Ikea won 835 million tax appeal

Swedish Tax Agency wanted to revise the taxes upwards for Ikea with 835 million SEK. But the administrative court in Växjö chose the furniture chain’s line in its judgment. Smålandsposten reports that the Court has concluded that the company Ikea of Sweden AB has followed the rules for transfer pricing between companies. Thus there is no […]

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Blomsterlandet goes online

Garden center chain Blomsterlandet is set to open e-commerce ”The trend that more people shop online in Sweden continues to rise, and now we have begun our exciting journey to simplify and save time for our customers,” says Erik Zingmark, E-commerce Manager at Blomsterlandet. (more…)

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