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Tag Archives | Expert

Fona to close every second store

Fona electronics chain is now closing 25 stores, while 31 stores will be allowed to continue during the reconstruction. 300 of the 975 employees in Fona will be redundant, writes Pernille Bigaard and Ole Borch, the lawyers in charge of the restructuring. ”The plan implies an adaptation of the size of the business through the closure […]

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Danish electronics chain in deep crisis – will Elkjøp take over?

56 stores Danish electronics chain Fona, founded in 1926, seeks reconstruction. ”The background is the recent years’ extremely intense competition where we unfortunately have been squeezed on our earnings to such an extent that we need a time-out,” says Fona in a letter to its customers. Now, the chain states it seeks a new partner […]

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Electra to buy half of Danish El-Salg and Euronics

Last year, the cooperation between the Swedish wholesaler Electra Gruppen and Danish El-Salg was extended. Now acquires Electra Gruppen 45 percent of El-Salg and establish themselves in Denmark as a major player behind the new Euronics-chain. “A major strategic decision, and our store chains can broaden its offering of consumer electronics products,” says El-Salg’s CEO Thomas […]

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Stockmann to outsource space to Musti & Mirri – gets pet grooming services

Stockmann believes pet supplies chain Musti & Mirri will serve the Helsinki flagship’s customers better. That makes it the fifth partner to move in as a large shop-in-department store solution, following Expert, Hamleys, Bonnier and Halti. ”The possibility of expanding cooperation with Hamleys, Musti & Mirri and Halti from Helsinki to Stockmann’s other stores during 2016 is being investigated,” […]

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Ville Honkanen, COO of Expert ASA Oy in Finland in the Stockmann department store in Helsinki.

Expert’s new concept means new challenges

The future of the Expert chain in the Nordics can be found in Finland where the new concept has been rolled out this year. ”It’s improved the performance in our pilot store with 30-50 percent,” says Chief Operating Officer Ville Honkanen. But the partnership with Stockmann requires a lot of customizations of the concept. (more…)

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50 Expert merchants take former CEO to court

50 former Expert merchants has filed a lawsuit against the former CEO of Expert Finland Oy, Kari Karipuu, of 15 million EUR at the Vantaa District Court for losing the Expert-brand to Norwegian Expert ASA. Expert merchants believe that Karipuu favored certain merchants towards the parallel Expert chain in Finland. “I’m not guilty of anything. As CEO I just the […]

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Expert to open ten stores in Sweden

Experts owners invest 400 million NOK in a five-year expansion plan. In the package lies a comeback in Sweden. 2018, ten stores will be open in a new Swedish chain. Last fall former Nordic Expert-CEO Lars Christensen hesitated about future plans in Sweden. “We must first get the concept in place,” he told ScandinavianRetail.com and focused at large […]

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Big box-formats seek Helsinki city centre locations

Several small sized chains has left Finland and mainly city malls recent years. But in Helsinki, big-box concepts now take over the sites. “It has become more important to be where the footfall is,” says Kai Keturi at Newsec to Hufvudstadsbladet. At the same time several Scandinavian concepts expand rapidly in Finland. (more…)

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Expert-CEO: We have no plans for Sweden

Expert is gathering its forces – for the battle against Elkjøp Group in Denmark, Norway and Finland. But Expert CEO, Lars Christensen, have no future plans for Sweden, and says a takeover of Media Markt-stores would be out of question. ”Their stores are too expensive. We prefer  smaller – but much better stores”, he tells ScandinavianRetail.com (more…)

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More than 50 independent stores to leave the Expert chain

UPDATED. Finland will get a new consumer electronic chain consisting of private entrepreneurs next month. Independent Expert-merchants in Expert Finland Oy are no longer allowed to use the Expert brand. Only Norwegian owned Expert ASA will be under the brand. Country manager Kari Kaippuri tells ScandinavianRetail.com that the new chain probably will consist of 50 smaller […]

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