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Coop’s historical turnaround

Coop Sweden has turned all minus to plus and reports a profit for 2015 – a historic achievement according to the company. “It shows that the strategic comprehensive approach we have taken on all our operations provide powerful performance and we are even ahead of schedule in many areas,” says Sonat Burman-Olsson, President and CEO […]

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Gothenburg the new hotspot for retail establishment

2.4 million square meters of new retail space in shopping centers and retail areas are planned in Sweden. This represents 14 Mall of Scandinavia or like the entire e-commerce would be converted into physical retail. Especially great is the interest in Gothenburg, according to a survey of shopping centers and commercial areas carried out by […]

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Apple Stockholm

Apple to open state of the art flagship in Stockholm

Apple has found the location of its flagship store in Stockholm. The City of Stockholm is expected to provide the electronics giant permission to build a fully transparent store in Kungsträdgården, the large park in Stockholm city. “Stockholm is a fantastic city of innovation and we feel a great honor to have the opportunity to contribute […]

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S Group’s price campaigns increase operating result

The S Group’s two-year strategy of strict cost control, the grocery trade, the increased number of customers and the consumer goods trade are the main factors  behind 2015 operating result improving from the previous year. With the large price campaigns in Finland the sales volumes increased and the S Group’s grocery developed better than the market overall. But the […]

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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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Rema 1000

Reitan’s divestment of Axfood shares opens up for a Swedish Rema 1000

Norwegian Reitan group, the second largest shareholder in Swedish Axfood, is about to divest its 15.6 percent holding – and Odd Reitan denies re-election to the Board. ”A sale increases financial flexibility and enables us to better capture growth opportunities in our existing businesses ”, says Odd Reitan, Chairman and CEO of Reitangruppen. One move could […]

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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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Lidl_800x800ar

Lidl: This is how we’ll use yesterday’s party in our marketing

The Nobel party is over. But for Lidl it has just begun. An entire marketing budget was hanging on to yesterday evening being a great success. The marketing manager Caroline Forsshéll now tells ScandinavianRetail.com how yesterday’s Le Bon banquet was documented and will be used in marketing for at least a year forward. “It was an […]

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IMG_0963

Stockholm’s premium shopping street to offer one-hour home delivery

Bibliotekstan, Stockholm’s premium shopping district, will from today until Christmas eve offer home delivery within an hour from the local shops. ”We are pleased to collaborate with urb-it and see it as an excellent opportunity for Bibliotekstan’s stores to offer additional services to their customers,” says Louise Kihlberg, Marketing Director of Hufvudstaden. 15 brand stores […]

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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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Kesko buys all shares in Suomen Lähikauppa

Finnish grocery market just lost an alternative. The small store specialist Suomen Lähikauppa Oy with 643 Valintatalo and Siwa stores with 6.8 percent of the market will now become a part of Kesko. ”Suomen Lähikauppa has excellent business locations and the acquisition will enable us to implement our strategy faster than planned and with significantly […]

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sportringen

SGN aquires 50% of Sportringen

Sportringen has attracted many Swedish Team Sportia merchants lately. Now Team Sportia/Sportia owner SGN get them back by aquring a 50 percent stake in Sportringen. SGN CEO and Team Sportia Chairman Sam Nieminen says the two brands and concepts will not merge. At the same time, Team Sportia CEO Anders Edvardsson is resigning. (more…)

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23 JC-stores to leave the chain

Fashion chain JC Jeans & Clothes will lose every fourth store from next year. 23 Swedish stores break out from JC to start the new chain Jeansbolaget. ”Our agreement expired at the end of March and we have tried to negotiate but not managed to get a new contract,” says Tobias Frick who is the CEO of the […]

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Matmissionen in Rågsved.
Foto: Stefan Nilsson

Here’s the first Nordic Social Supermarket

This is the first Nordic Social Supermarket. Stockholms Stadsmission and Axfood plans to open it in the suburb Rågsved at year-end. The goal is to utilize 200 tonnes of surplus food and offering groceries to the economically vulnerable for one third of the normal price. “For us Matmissionen is a dream come true,” says Marika Markovits, director of […]

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Jonas Arnberg 2015-09-22 kl. 11.46.48

This is how the new budget will affect Swedish retail

The Swedish government presented the budget for 2016 yesterday. But the Swedish Trade Federation are concerned that the costs for young employees will increase by 3.5 billion SEK. “The government should make it easier to hire, not harder”, Svensk Handel CEO Karin Johansson comments on the government’s budget. (more…)

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