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 | Home & interior
”No one wants a Fona with so many shops”
It looks like the Danish electronics chain Fona will be closing even more stores than previously thought. According to the curator, Ole Borch, only eight out of 56 stores will stay open after the recounstruction due to disagreements on the recapitilzation. “We must note that the plan was too ambitious. No one wants a Fona […]
Viking Line launches design store on the baltic sea
Viking Line has opened the Baltic Sea’s first specialty store in design, decor and beauty. ”We hope to bring the concept to our other six ships,” says Eva Rehnström, Purchasing Manager Sales and Beauty at Viking Line. (more…)
Søstrene Grene enters UK – targets 150 stores
The Danish interior chain Søstrene Grene now opens its first store in England. And this summer, Germany waits. “We believe we’ve come up with something that the UK retail does not yet have, and therefore we also believe that our concept has a justification in England in the long run. 150 stores are not unrealistic in the […]
Ikea – Sweden’ most attractive employer again
Ikea has once again been named Sweden’s most attractive employer. “We know that when employees grows, Ikea grow,” says HR Director Karin Bergman. (more…)
Kanye West pop-up at Ikea head office
American superstar Kanye West caused some raised eyebrows as he unexpectedly showed up at Ikea in Älmhult in Sweden. Ikea does not want to comment the reason for the visit yet. (more…)
New Ikea store targets cycling customers
On Friday, Ikea opened its 20th Swedish department store. The modern and environmental friendly store in Umeå is especially designed for easy access with bike. (more…)
Myyrmanni to get a new S-market
The upgrade of the Myyrmanni shopping center is ready to be presented. A new S-market, a modernized restaurant and café offering and new establishments from Jysk and Seppälä are the news. (more…)
Ikea lost appeal against Norwegian tax authorities
Ikea Norway came one step closer a juicy tax backlash after losing also in the Court of Appeal. The Court of Appeal agreed with the Norwegian tax authorities that the way Ikea sold properties to themselves in 2007 was “unreasonable and unnatural.” (more…)
She is new CEO of Gallerix
Gallerix recruits a new CEO: Yvonne Magnusson, former CEO of Cervera. (more…)
EU-commission targets Ikea with new tax legislations
Ikea is in focus with the new taxation package from the EU-commission. ”Ikea has a very aggressive solution aiming to not pay any tax at all”, says former prosecutor Eva Joly, member of the EU-parlament. Her group has come to the conclusion that Ikea has avoided one billion euro in taxes for the last six years. […]
Jysk owner loses money on side operations
Jysk is doing well, but owner Lars Larsen’s other investments have a tough time. Only one of them provides the Danish bed-king with a profit. (more…)
Kesko has Finland’s most trusted brands
Kesko has a strong hand of store brands – in a new survey, K-rauta, Intersport and Asko was by far the most trusted brands in each category in Finland. (more…)
Clas Ohlson suffers from Norwegian currency
Clas Ohlson increased its sales in local currencies in January by 3 percent, all Nordic markets shows a positive development but Norwegian currency results in a total decrease of sales. (more…)
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 […]
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. […]
Indiska’s reconstruction arrangement approved by creditors
Indiska’s debts will be written down substantially. “Creditors approve a reconstruction,” the lawyer Kent Hägglund tells Market.se. (more…)
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…)
Awarded as best in press release work
Happy Homes has one of Sweden’s best press room – according to the pressrelease service MyNewsdesk. (more…)
Mio’s new record year: +22.9 %
Mio reported strong growth during 2015. Sales rose by 22.9 percent overall, and for comparable stores an increase by 20.3 percent. ”It was the fifth year in a row that we grew more than twice as much as the industry,” says CEO Björn Lindblad. (more…)
Colorama’s own floor range boosted new supply-record
Colorama, the largest paint retail chain, reports a record within the chain’s own supply. Purchases to 170 local Colorama stores from contracted suppliers increased by 8.4 percent compared with 2014, and passes for the first time ever a billion SEK. (more…)
Lagerhaus to open sixth Norwegian store in a year
Lagerhaus continues its expansion with focus on Norway. Next stop is CC Stadium in Hamar in March. The shop at Hamar is the sixth in Norway in less than a year. Lagerhaus had shops in Oslo and Bergen since May 2015, when Åhléns announced its withdrawal from Norway and that Lagerhaus might replace on several locations. ”We are […]
Indiska lacks 48.7 million
Interior decorating and fashion chain Indiska has 300 creditors and a total loss of 48.7 million. It appears from a report that market.se taken part of. The intention is to offer the unsecured creditors a 25-percent abatement. (more…)
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…)
Indiska only to close Swedish stores
Indiska will close stores and cut staff as part of the reconstruction. The first news is that eight Swedish shops will close as early as this spring. However no stores in Norway and Finland are affected in the first position. (more…)
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 […]
Ikea: Ok to build smaller store in Ålesund
Ikea Norway has now received an approval from IKEA centrally for the land acquisition at Moa in Ålesund. The contract between IKEA and Ålesund municipal property will be signed before New Year. The store is set be only 20,000 square meters, opening in 2021 – but already in a few weeks a pick up-point will open on the location. […]
Flügger demands compensation for IT-problems
Flügger’s IT-problems has escalated. Now, the paint specialist wants compensation from the system supplier. ”When you are building a house and ordering a bricklayer, then you have the expectation that he can find out the walls, and that you do not have to stand up and do it,” says CEO Peter Røpke. (more…)
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 […]
Lexington to change range and business partner in Denmark
Lexington Company is changing business partner in Denmark from January – and launches their Clothing-concept for both men and women for the first time in Denmark. (more…)
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 […]
Ikea cancels Vaasa department store plans
Ikea is a outperforming the Finnish retail market. And trials new concept. But that is not enough to build a new department store in Vaasa. The letter of intent will not be continued. (more…)
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 […]
Illums Bolighus targets Germany
Interior decoration and furniture chain Illums Bolighus provides, for the sixth consecutive year, an increase in revenue. Now, time has come to go outside the Nordics. First store in Germany is expected to open in Hamburg in 2017. (more…)
Jysk reached all time high
Jysk’s turnover and number of stores have risen steadily. The latest financial year, the turnover growth was 6.3 percent reaching 2.9 billion EUR. ”We are far from finished”, says owner Lars Larsen. (more…)
Designonline sold to consortio with H&M-CEO
NS Intressenter and EOC Capital have jointly acquired 77% of the e-commerce specialist store Designonline. “Our new owner brings resources that will fit well in our continued expansion,” says Jörgen Bödmar, CEO and founder of Design Online. (more…)
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. […]
Position changes in ICA Group’s management
After completing several turnarounds, ICA Group launches large changes in their management. Hemtex-CEO Peder Larsson resigns and will be replaced by Björn Abild, currently CEO of ICA Special. New CEO of ICA Special, handling durables retailing in hypermarkets, is Tony Holmberg. The portfolio company manager Stein Petter Ski leaves the company. (more…)
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…)
Ikea to open innovation laboratory in Denmark
Ikea is setting up a unique creative centre, an innovation laboratory called Space10, in Copenhagen. ”We would like to contribute to and benefit experience of the development and atmosphere,” says Göran Nilsson, concept innovation manager at Ikea. (more…)
Ikea to Oxford Street?
Ikea is considering a click and collect store near Oxford Street in London. “We are exploring a number of potential locations across the UK, one of which is the current BHS building on Oxford Street,” Ikea spokes person told a London paper. (more…)
Ikea’s Danish super year gives employees a month’s extra salary
Ikea exceeds its own expectations in Denmark and lands a record sales growth of eight percent. The five Danish stores and eCommerce go forward on all parameters and delivers the best year in Ikea’s Danish history. Employees in Denmark will benefit from the success and receive up to a month’s extra salary for Christmas. (more…)
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 […]
Video: Ikea’s domino ads in Stockholm subway
Ikea tried a new commercial ad in the Stockholm subway, using the interactive possibilities making all signs work together – starting on a command from bypassers.
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 […]
Anttila to open Swedish border outlet
Anttila will open a border shopping outlet – and plan for a full department store next year – in the mall Rajalla På Gränsen in Tornio. (more…)
Retail-domino in Jyväskylä city centre
Jyväskylä city centre will change as big retail companies change places in the coming months or no later than next spring. For example, Hennes & Mauritz and Pentik change their existing premises, reports Keskisuomalainen. (more…)
Ica to fulfill Hemtex-buyout
Ica will complete the buyout offer for the shareholders of the textile and interior chain Hemtex after reaching a 98.3 percent ownership. (more…)
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…)
New Cervera-CEO sets digital strategy
Johan Junehed, 42, has been appointed CEO of Cervera. Now he set the course for digital improvement and the launch of a new platform before Christmas. (more…)