All Sweden articles – Page 3

  • Consumers flock to large shopping centres such as Westfield Stratford City, with their prime retail offer

    The big picture of development


    The scale of development in the UK and the rest of Europe is polarising. With a handful of plans for mega schemes in the pipeline, and other boutique and niche projects being pushed forward, Mark Faithfull considers whether the middle ground has been squeezed out.

  • News

    H&M reports fouth quarter sales increase


    H M has reported its results for the fourth quarter and 2011. For the full year, H M’s sales including VAT increased 8% in local currencies. However, sales in krona were hit by currency translation effects. Net sales reached SEK110bn (£10.4bn) while gross profit amounted to SEK66.15m (£6.2m), corresponding ...

  • News

    Lidl reprimanded by Swedish Advertising Ombudsman


    Schwarz Group-owned discounter Lidl has reportedly been reprimanded by the Swedish Advertising Ombudsman for misleading advertising. An article in Esmerk said that a consumer lodged a complaint about a TV commercial in which the retailer claims to travel the world to buy produce directly from local farmers. The complainant ...

  • Svensk Tenn, Sweden

    Svensk Tenn, Stockholm, Sweden


    Sweden is known for its interior design, and in a retail context, this usually means stripped back minimalism with a lot of wood to emphasise the natural qualities of the great Scandinavian outdoors. And to an extent, the newly refurbished Svensk Tenn store in Stockholm is a case in point.

  • News

    Ikea reveals sales increase


    Ikea has revealed that sales rose 6.9% in the year ended August 31, 2011 to reach nearly E25bn (£21.7bn). Over the year, the retailer cut prices and added stores to drive sales. The weak economy meant customers switched to smaller ticket items. Chief executive Mikael Ohlsson confirmed the company’s ...

  • Dixons

    Dixons’ Nordic business impresses


    Electricals group Dixons showed off its Nordic business, Elkjøp, last week, when it hosted an analysts’ visit in Sweden.

  • News

    DocMorris Apotek records a loss


    DocMorris Apotek has recorded turnover of SEK205.4m (£19.9m) and a loss of SEK121.5m (£11.7m) during its first 10 months of trading to end of December 2010. The company said that its strategy was to invest only in new locations and to establish a brand, which meant that there would be ...

  • Carphone Warehouse

    Best Buy Europe to sell off Belgian Phone House


    Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.

  • News

    Apoteket to roll out 100 vending machines selling non-prescription drugs


    Leading pharmacy operator Apoteket expects to roll out about 100 vending machines selling non-prescription drugs and other healthcare items in the first half of 2011. A machine can hold up to 60 products and all will be located at convenience stores, shopping centres and major travel interchanges. Apoteket director of ...

  • News

    KF Gruppen sales drop 1.5% to £3.5bn


    Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009. Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.

  • News

    ICA operating profuit up 7.8% to £281.3m


    Ahold’s Scandinavian division ICA’s full-year operating profit reached SEK2.92bn (£281.3m) in 2010, an increase of 7.8% on 2009. The retailer’s net sales for the full year amounted to SEK93.86bn (£9.04bn), down 0.8%. At constant exchange rates net sales rose 0.9%. In 2011, ICA will “have a laser-like focus” on its ...

  • News

    H&M considers entering Iceland


    Sweden-based fashion retailer H M is rumoured to be looking at entering Iceland, and has viewed potential outlets in the capital Reykjavik. Reykjavik city centre director Jakob Frimann Magnusson said he had spent much time sourcing suitable properties for the fashion chain. However, H M has denied any fixed plans ...

  • News

    H&M sales up 7% to £10.5bn last year


    H M has reported sales excluding VAT were up 7% in the fiscal year ended November 30, up to SEK108.5bn (£10.5bn). Profit after financial items soared 13% to SEK25bn (£2.4bn). For 2011, H M plans to open about 250 stores, including some in five new markets. The retailer will ...

  • News

    ICA Group net sales drop 0.8% to £8.9bn



  • News

    Ikea profit rises 6.1% to £2.3bn


    Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn). Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive ...

  • News

    Ahold's ICA in Sweden trials student special packages


    Ahold’s ICA in Sweden is trialling special packages for students. Called ICA Student, the scheme offers help with food shopping, insurance issues and banking services in a single package. In the first phase the service is being tested among 200 students from Uppsala and Norrtälje. Should the concept prove successful, ...

  • News

    ICA Q3 sales rise by 0.2% to £2.1bn


    Ahold-controlled Nordic retailer ICA has announced that net sales grew by 0.2% to SEK23.5bn (£2.1bn) in the third quarter to the end of September, while operating income grew 0.4% to SEK940m (£84.9m). Net income for the third quarter was up 9% to SEK644m (£58.2m).

  • News

    H&M Q3 sales rise 20%


    H M reported a 20% rise in third-quarter profit with strong August sales offset by rising costs that ate into gross margins. In the quarter ended August 31, profit after tax was Skr4.24bn (£367m), a jump of 23%. Sales including VAT for the quarter were Skr31.47bn (£2.7bn), an increase of ...

  • News

    H&M Q2 sales rocket 24%


    Clothing retailer H M has announced its financial results for the first half ended June 22. Group net sales were up 4% to SEK51.88bn (£4.46bn), while group net profit was SEK8.95bn (£770m). Group net sales for the second quarter jumped 2% to SEK27bn (£2.32bn) and group net profit for the ...