Stockmann had a tough, but expected May sales, with a 11.8 percent decline. Lindex’ sales went up in central Europe – but suffered from cold weather in the Nordics.
Stockmann is renewing the support functions of its Retail and Real Estate businesses and its Group Administration in Finland. Now the negotiations have been concluded and 100 jobs will be… Read more »
Lauri Veijalainen has been appointed new Chief Financial Officer of the Stockmann Group. He will succeed Pekka Vähähyyppä who will leave Stockmann in August 2015. Lauri Veijalainen is currently Deputy Director for… Read more »
Today Expert opened it’s new flagship inside the Stockmann department store in Helsinki. ”We expect it to be our best selling store,” said CEO Mika Aro.
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… Read more »
The changes at Stockmann is coming to life, but the first quarter reports declining revenues and close to 50 million EUR loss. ”Stockmann’s turnaround back to profit has begun and… Read more »
Stockmann plc’s Executive Vice President and CFO, Pekka Vähähyyppä, has resigned from his position, in order to continue his career outside the company. He has been appointed Chief Financial Officer and… Read more »
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… Read more »
Stockmann’s efficiency program from February 2015 is now in action. Stockmann confirmed Tuesday it will close down the Oulu department store in early 2017 at the latest. The decision will affect all… Read more »
Stockmann has appointed two new members to its Management Team, Petteri Naulapää and Nora Malin. At the same time, the CSO Kjell Sundström, who initiated the Group’s strategy process, leaves Stockmann.
Stockmann’s General Meeting elected two new members to the board – and Kaj-Gustaf Bergh as the Chairman. CEO Per Thelin gave an overview of the challenges and the implementing of the new… Read more »
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… Read more »
Stockmann regularly makes small moves towards their new multichannel strategy. Next step is to make a digital every-day version of Premiere, the customer magazine, with direct connection to the online… Read more »
This is how the collaboration between Expert and Stockmann will look like. The store, which opens at the Itis-mall Thursday has the new Nordic concept – and will be the chain’s… Read more »
Stockmann Group will heavily reduce its presence in Russia. Lindex is to leave Russia and close all stores. Four department stores in the Moscow region in the Ikea Mega-malls will… Read more »
After 150 years in business, Stockmann has spent the last week saying “sorry” to their customers. And to make a promise. In an honest video, new CEO Per Thelin and… Read more »
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… Read more »
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… Read more »
Stockmann and consumer electronics chain Expert enters a partnership. Expert replaces Stockmann’s consumer electronics offer by opening stores in Stockmann’s premises – and online.. The first store is planned to… Read more »
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… Read more »
An independent Lindex. A totally cut down Seppälä. And an improved integration between retail and real estate operations to make the omnichannel strategy work. That is Stockmann’s strategic direction that… Read more »
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… Read more »
The fall of the Russian rouble weakens Stockmann’s revenues. The star of the Group is Lindex that grows internationally.
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… Read more »
Per Thelin, known for his track record to improve profitability in international retail companies, has been appointed new CEO for Stockmann. ”Per has great potential to turn Stockmann’s financial performance… Read more »
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… Read more »
Today Stockmann Group launched it’s new organisation and team leaders. The new operating structure has three divisions – Stockmann Retail, Real Estate and Fashion Chains – starting 1 January 2015.