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…)
Tag Archives | Seppälä
Seppälä to collect old garment – launches new recycle range
Seppälä joins the trend of recycling old clothes. The Finnish fashion chain will manufacture a new consumer range from old clothes as a part of a Finnish pilot project. (more…)
Stockmann lost more sales in November
Stockmann’s turnover is decreasing, even after the divestment of several branches. After excluding Seppälä and divested branches in the department stores, sales in November were down by 0.8 percent. Lindex is the star of the family, with a 5.3 percent increase in November. (more…)
Lindex lifts Stockmann’s June sales
Stockmann Group’s sales in June 2015 were down by 1.6 per cent on the previous year at comparable exchange rates. Fashion category sales were up, but the closing of Stockmann beauty stores in May and withdrawing from the electronics product category affected the numbers. (more…)
Big sales fall for Stockmann after Crazy days
The Stockmann Group’s sales in April were down by 23.5 percent on the previous year at comparable exchange rates. The change of the days of the Crazy days campaign is the main reason, as sales fell by 46.3 percent in Finland. Lindex had its best performance in eastern Europe. (more…)
Crazy days pushed Stockmann’s March-sales: +41.6%
The Crazy days-campaign in March gave an extraordinary push for Stockmann’s department stores in Finland. Sales went up 41.6 percent – and the online sales at stockmann.com even more. But the campaign did not deliver as last year due to a smaller range of consumer electronics. (more…)
Seppälä stores sold – agreement signed
102 Seppälä stores in Finland and Estonia have a new owner from tomorrow. Stockmann and Eveliina and Timo Melentjeff has now signed the agreement. (more…)
Stockmann’s sales up 0.8 percent in February
The Stockmann Group’s sales were up 0.8 per cent on the previous year in local currencies, but euro-denominated sales were down by 6.4 per cent. Lindex is the best performing brand as sales at comparable exchange rates were up 5.2 per cent in February. (more…)
Seppälä buyers says stores will be more unique to conquer female costumers
Stockmann’s fashion chain Seppälä will have a new owner in April. CEO Eveliina Melentjeff and her husband Timo Melentjeff will take take over the chain in a management buyout. ”This will cover 82 stores in Finland and 20 in Estonia and secure the continuity of the Seppälä brand and its over 80-year heritage,” says Eveliina Melentjeff. […]
Online sales are Stockmann’s only growth
Updated: Stockmann Group has had a tough year, declining sales and negative currency effects gives significant declines in all divisions. But there is also growth, online. And Lindex was on par in local currencies. (more…)
Russian rouble made Stockmann sales drop 13.1% in November
There is no Per Thelin-effect yet. Stockmann’s doing better outside Finland – but the Russian exchange rate makes the Department store revenues look worse. Still, Stockmann’s Finnish department stores lost 13.7 percent of their sales in November. And Lindex and Seppälä had a tough month. (more…)
Stockmann’s in rouble-trouble
The fall of the Russian rouble weakens Stockmann’s revenues. The star of the Group is Lindex that grows internationally. (more…)
Swedes to clean up Stockmann
Per Thelin is appointed as CEO of Stockmann to make another company turnaround. But is he future man when it comes to getting the multichannel project right? First thing to do together with another Swede, Ingvar Larsson, is to mount down about half of the Seppälä-chain. (more…)
Half of Seppälä’s staff in Finland to lose their jobs
Stockmann cuts down heavily in fashion chain Seppälä’s operations. Finland will lose a significant number of stores. 380 of 800 employees will lose their jobs. (more…)
”Stockmann will sell Lindex”
Once again Stockmann Group issued a profit warning on Tuesday evening, and indicate that the full year result for 2014 will be negative. Analysts in Finland now says Stockmann will probably sell Lindex. (more…)
Stockmann shuts down Seppälä in Russia
Stockmann sets out Hobby Hall for sale and closes all Seppälä stores in Russia. “Seppälä’s not gone well, but the hardcore reason has been on the Russian side”, says Kaj-Gustaf Bergh, Chairman of the board at Stockmann. But analytics fear that Seppälä might close down in Finland too. At the same time Lindex will have […]
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 […]
Stockmann: Russia not our only problem
Finnish department store chain Stockmann reports a larger-than-expected first quarter loss, due to weak demand in Finland and Russia and the weaker Russian rouble. Lindex revenue was up in local currencies while Seppälä aims to close 20 russian stores. (more…)