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… Read more »
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… Read more »
Stockmann’s President and CEO, Hannu Penttilä resigns. He does not wait until retirement by the end of the year. ”Stockmann’s reform strategy is under way – and I am not… Read more »
Stockmann’s sales are decreasing and consumers and experts are critical to their multichannel offer. ”This critic is entitled and fair. But we have a strategy of what to do”, says… Read more »
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… Read more »
Finland’s only listed online retailer Verkkokauppa.com has delivered their second official report with a 24,2 percent growth. ScandinavianRetail.com got a talk with a very national multichannel retailer that is ready… Read more »
Finnish retail trade goes through a crisis. Many people now claims that time has been standing still – and Finnish department stores haven’t kept up with the development of e-commerce… Read more »
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… Read more »
Department Stores Group Stockmann starts statutory negotiations with 3200 employees that could lead to up to 330 people getting fired. The goal is to save about 10 million euros annually… Read more »