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Tag Archives | Lindex

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Strömpilen shopping centre to lose major chains to new Ikea centre

Several major brands are leaving the shopping center Strömpilen in Umeå. The reason is that they move to Ikea’s new shopping center south of town. “Our stores in the city and Ersboda have worked well but not Strömpilen,” says KappAhl’s Establishment Director Hans Jepson to Västerbotten-kuriren. (more…)

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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of which retail sales under the Stockmann and Lindex brands, excluding Russia and the product areas the company has withdrawn from, amounted to 146.0 million.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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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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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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Crazy days

Stockmann reports strong Crazy Days in fashion and food

The weak Russian rouble continue to affect Stockmann’s turnover – but even in local exchange rates and excluding product categories that Stockmann has outsourced. The department store sales were down in September. On the other hand, fashion performed better than the market. And Stockmann’s traditional October sales week, Crazy Days, was more succesful than last year […]

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Lindex saved 900 million liters of water

In the past year, Lindex suppliers saved 900 million liters of water through projects for cleaner textile production in India and Bangladesh. “Our suppliers´ production operations throughout the supply chain are significantly dependent on access to water, and we will continue our collaborations and projects with suppliers and other stakeholders where we are implementing responsible […]

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Lindex beauty

Lindex to launch beauty collection

Lindex launches its own brand of beauty products, with a makeup and a body assortment. “Lindex Beauty is a natural extention of Lindex offer for fashion interested women”, says Inger Lundqvist, Design and Buying Manager for Lindex Cosmetics. The makeup assortment will include mascara, eyeliner, eyeshadow, foundation, powder, concealer, blusher, nailpolish, lipstick and lipgloss. The […]

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Weak exchange rates affected Stockmann negatively

The Stockmann Group’s revenue was down 9.1 percent on the previous year and amounted to 138.5 million EUR  in August 2014. Weak exchange rates of the Russian rouble, Swedish krona and Norwegian krone continued to negatively affect euro-denominated revenue. Revenue at comparable exchange rates was down 6.3 per cent. The Department Store Division’s revenue was […]

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Jean Paul Gaultier in Lindex pink ribbon campaign against cancer

Lindex introduces Jean Paul Gaultier for their new collection. This year the guest fashion designer is also included in the Pink ribbon campaign against breast cancer – with a pink ribbon bracelet that might be a classic. ”We do the pink ribbon campaign on all local markets”, says press relations manager Kaisa Lyckdal. (more…)

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Stockmann going fast backwards: ”A major disappointment”

Lindex is the light, but the Stockmann Group reports -8,9 percent revenue last quarter. CEO Hannu Penttilä sees significant changes in Finland’s retail market and problems in Russia and says Stockmann has started a process to review and revise its strategy. ”We at Stockmann have not succeeded in beating this negative market development.” On the […]

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