Stockmann plc is considering the issuance of a hybrid bond. The potential issue is expected to be launched in the near future subject to market conditions. The funds received from… Read more »
Åhlens dismantles the stores in Norway, but is now focusing on Scandinavian e-commerce on a large scale starting next year. In line with this strategy comes the creation of a new… Read more »
Here is the next expanding discounter in Finnish retail. Private equity investor Adelis will make over the majority stake in Puuilo. ”Our goal is to double the number of stores… Read more »
New rules from the Danish Environment and Food Ministry opens up for WeFood – Denmark’s first store with surplus food. “Precisely the rule-simplification, we have been waiting for,” says Secretary General of DanChurchAid Birgitte… Read more »
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… Read more »
Today, Wednesday, opens a Starbucks at Ica Maxi Häggvik in Sollentuna – the second Starbucks store in the framework of the cooperation between ICA and Starbucks. ”It feels great to open… Read more »
Discount tore chain Tokmanni will open four new stores on Thursday this week – reaching 13 news stores this year. One of them will have the new compact city concept. ”We have… Read more »
The organizational changes in the S Group has closed another chapter. Less than 30 people will lose their jobs as it drops SOK’s independent hardware functions in the S Group.
Åhléns is investing in diversity – and has a stated objective that at least 20 percent of the workforce within the Åhléns concepts should have international backgrounds in 2020. New… Read more »
Norwegian discount chain Europris is one of the strongest performers in retail ”On back of a slower pace of growth in the Norwegian retail sector, I am very pleased to… Read more »
Anttila will open a border shopping outlet – and plan for a full department store next year – in the mall Rajalla På Gränsen in Tornio.
Clas Ohlson’s sales increased by five percent in September. Finland and Sweden were the best performing markets.
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… Read more »
Anttila will, during spring 2016, open a new Anttila store with the new concept in Lohja. The store will be located in Sampotalo opposite the Lohjantähti shopping mall on Kauppakatu… Read more »
Last week Jula was award for its logistics efforts. Now the company has been praised again – with “Technia Innovator of the Year”. This time for an innovative PLM project…. Read more »
The trend of replacing full categories in department stores with specialist chains goes on. Now Sokos Wiklund in Turku opens up for furniture chain Vepsäläinen with Habitat on its 3rd… Read more »
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… Read more »
Kesko’s fighting the price downturn in Finland, but does better on other markets. Total sales in August increased by 0.6% in local currencies, excluding Anttila. “Kesko’s sales continued to increase… Read more »
The Stockmann Group’s sales amounted to 106.0 million EUR in August 2015. Unusually warm weather affected sales in both Stockmann Retail and Lindex. At comparable exchange rates, sales excluding Seppälä… Read more »
IKEA Group reports continued sales growth for fiscal year 2015. IKEA Group’s total sales amounted to 31.9 billion EUR. Total sales translated into euros increased by 11.2 percent. Adjusted for… Read more »
Ikea wants more reflection in Lappeenranta before the interior giant decide whether to build a new department store or not.
Åhléns launches a new sports and wellness concept for women. Barbro Bobäck, gold medalist in the Veteran World Championships in Athletics and the world’s fastest 71-year-old will be the face of the… Read more »
Tokmanni Group, the dominant Finnish discount chain is almost finished with the large conversion work and is prepared for a possible IPO. “All the great job has been done now,” says CFO… Read more »
Finnish SOK Corporation will start statutory negotiations based on the plans to enhance the SOK department stores and specialty chain management organization. Negotiations could lead to up to 25 redundancies.
Clas Ohlson launches a concept called ‘From here to sustainability’ to create a dialogue with the company’s customers about sustainability. Using green speech bubbles both in stores and on the… Read more »
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… Read more »