Lindex names Susanne Ehnbåge as CEO

Lindex names Susanne Ehnbåge as CEO

Susanne Ehnbåge, M.Sc.(Econ.), born 1979, has been appointed CEO of Lindex. She will start in this position at the latest in August 2018. Susanne Ehnbåge will report to Lauri Veijalainen, Lindex Chairman of the Board and Stockmann’s CEO, and she will also be a member of the Stockmann Management Team.

Göteborg, Sweden, 2018-Jan-11 — /EPR Retail News/ — Susanne Ehnbåge currently works as the CEO of the NetOnNet Group, a Scandinavian home electronics retailer. She has been working at the NetOnNet Group since 2003, where she has held a number of executive positions, most recently as the CEO of the Group since 2016.

I am confident that we have found a skilful leader with very strong retail, e-commerce and turnaround competence, which we need in order to respond to the rapid changes in the fashion market. Susanne Ehnbåge is very energetic and result driven. She has experience in an industry which has changed fast and is being continuously challenged by new e-commerce players and digitalization, says Lauri Veijalainen, CEO of Stockmann.

“I’m excited to start at Lindex, one of Europe’s leading fashion chains. I look forward to working with the Lindex team and strengthening this great world-class brand even further in the continuously evolving retail market,” says Susanne Ehnbåge.

Elisabeth Peregi, currently the interim CEO of Lindex, will continue acting as the interim CEO until Susanne Ehnbåge starts in her position at the latest in August 2018.

“I would like to thank Elisabeth for the great effort she has made by taking leadership of Lindex in a challenging situation and initiating a quick and efficient start for the profitability improvement programme. Elisabeth has been a key player in the Lindex team for years, and I am happy that she is committed to further continue at Lindex,” says Lauri Veijalainen.

Further information: 
Lauri Veijalainen, Stockmann’s CEO and Chairman of the Lindex Board, tel. +358 9 121 5062

 

For more information:
Kristina Hermansson
Corporate Communications Manager, Lindex
Phone: 46 (0)31 739 50 70
E-mail: press@lindex.com

SOURCE: LINDEX

Stockmann announces shareholders’ Nomination Board members

STOCKMANN plc, Other information disclosed according to the rules of the Exchange 7.9.2017 at 9:00 EET

Helsinki, Finland, 2017-Sep-07 — /EPR Retail News/ — According to the decision of Stockmann’s Annual General Meeting, the Nomination Board consists of representatives of the four shareholders holding largest voting power, as registered in Stockmann’s shareholder register as of 1 September 2017 along with the Chairman of the Board of Directors as an expert member.

The Nomination Board prepares proposals for the Annual General Meeting in 2018 on the composition and remuneration of the Board of Directors.

Stockmann’s four largest shareholders by votes on 1 September 2017 were:

% of votes
1. Society of Swedish Literature in Finland 15.74
2. Föreningen Konstsamfundet Grouping 15.14
Föreningen Konstsamfundet r.f. 13.23
KSF Media Holding Ab 1.91
3. HTT STC Holding Oy Ab 10.70
4. Niemistö Kari 9.43

The shareholders have nominated following members to the Nomination Board:

Magnus Bargum, Treasurer, Society of Swedish Literature in Finland
Kaj-Gustaf Bergh, Managing Director, Föreningen Konstsamfundet r.f.
Ole Johansson, Chairman of the Board, Hartwall Capital Oy Ab, representing HTT STC Holding Oy Ab
Leena Niemistö, Professional Board Member, representing Kari Niemistö

In addition, Chairman of the Board Jukka Hienonen will join the Nomination Board as a member.

Further information:
Jukka Naulapää, Director, legal affairs, tel. +358 9 121 3850

www.stockmanngroup.com

SOURCE: STOCKMANN plc

 

Lindex appoints Elisabeth Peregi interim CEO

Lindex appoints Elisabeth Peregi interim CEO

 

Sweden, 2017-Aug-22 — /EPR Retail News/ — Ingvar Larsson, CEO of Lindex, has decided to resign from his post. Elisabeth Peregi, currently Country Manager of Lindex Sweden, has been appointed interim CEO of Lindex with immediate effect.

I look forward to this assignment and I am happy for the confidence to lead Lindex continued development. We have great and exciting initiatives in front of us that will take the company into the future, says Elisabeth Peregi.

Elisabeth Peregi has held several management positions at Lindex. She worked as the Lindex CFO from 2010 to 2013 and, before that, as Head of Franchise Business and Country Manager for Norway.

Elisabeth will report to Stockmann’s CEO, Lauri Veijalainen, who will start as the Chairman of the Lindex Board of Directors. The previous chairman, Per Sjödell, continues as a member of the Stockmann Board.

Ingvar Larsson leaves his position now but is available to Lindex during the notice period.

I would like to thank Ingvar for his great work in leading the company and strengthening Lindex position as one of Europe’s leading fashion company. I am confident that Lindex will continue to be in good hands with Elisabeth who has long experience of several sales positions at Lindex, a strong financial background and the drive to lead the company forward, says Lauri Veijalainen, CEO of Stockmann.

For more information:
Lauri Veijalainen
verkställande direktör
tel. +358 9 121 5062

Source: Lindex

###

S Group’s regional cooperatives to acquire Stockmann Delicatessen business operations in Finland

S Group’s regional cooperatives to acquire Stockmann Delicatessen business operations in Finland

 

Helsinki, Finland, 2017-Jul-03 — /EPR Retail News/ — Stockmann and S Group have signed an agreement on the transfer of the Stockmann Delicatessen business operations in Finland to S Group’s regional cooperatives. The purpose of the transaction is to develop the Delicatessen stores into European top-level flagship stores.

The transaction is pending approval from the Finnish Competition and Consumer Authority. The goal is to get the approval granted latest by the end of 2017. If approval is granted by that time, the transaction can be executed on 31 December 2017. If the transaction is implemented, all Stockmann Delicatessen employees in Finland will transfer to S Group as existing employees, and the Delicatessen stores will remain in all the Stockmann department stores.

“This is a historic moment for S Group and three of our cooperatives: HOK-Elanto, the Tampere Regional Cooperative and the Turku Regional Cooperative. Everyone in Finland is familiar with the strong Stockmann Delicatessen brand, and we hold it in extremely high regard as well,” says Arttu Laine, Executive Vice President at SOK.

“Stockmann Delicatessen is an institution and a key part of our department stores, now and in the future. We have found an excellent partner that has the willingness and resources to further develop Delicatessen in a competitive manner and to ensure that our customers will continue to have access to excellent service and selections,” says Lauri Veijalainen, CEO of Stockmann.

“A learning opportunity for S Group”

According to Laine, the integration of the Delicatessen stores into S Group would be in line with the Group’s current strategy, which was announced in 2015. S Group aims to improve its range of products and quality of service.

“Our goal is to develop the Delicatessen stores into S Group’s flagship stores. We are aiming for the top level in Europe, and the Delicatessen stores’ highly competent employees will play a crucial role in this respect. We have a great deal to learn from them,” says Laine.

“And the prices will decrease,” he adds.

In accordance with its strategy, Stockmann has been looking for partners that complement the product mix at its department stores and offer new services and experiences for its customers.

“Changes in procurement and logistics operations in particular have affected Stockmann Delicatessen’s competitiveness and accelerated our search for a partner. We are confident that our customers will continue to have access to the best grocery store services in Finland,” says Veijalainen.

What will Delicatessen be like in the future?

S Group is not allowed to participate in Delicatessen’s business operations or their development while approval from the Finnish Competition and Consumer Authority is pending. Furthermore, Stockmann cannot comment on future plans and wishes directed to S Group concerning Delicatessen.

“We want to understand Delicatessen’s customers and their hopes and thoughts. We invite them to discuss the Delicatessen of the future with us. First, we will listen very carefully, and we will engage in active dialogue once the transaction has been approved by the Competition and Consumer Authority,” says Laine.

In the planned transaction, the Delicatessen stores in the centre of Helsinki, Tapiola and in the Itis and Jumbo shopping centres will be transferred to HOK-Elanto. The Delicatessen store in Turku will be transferred to the Turku Regional Cooperative, and the store in Tampere to the Tampere Regional Cooperative.  The Stockmann Delicatessen chain operations will be transferred to SOK. The Stockmann Delicatessen kitchen, which prepares Stockmann Meals foods, will be transferred to Meira Nova, a subsidiary of SOK. The Delicatessen business operations in the Stockmann department stores in the Baltic countries will remain with Stockmann.

More information:

Arttu Laine
Executive Vice President
SOK
tel. +358 10 76 81011

Lauri Veijalainen
CEO, Stockmann
tel. +358 9 121 5062

Source: S Group

###

Stockmann welcomes Kai Laitinen as Chief Financial Officer

Helsinki, Finland, 2017-Feb-17 — /EPR Retail News/ — Kai Laitinen (born 1970), M.Sc.(Business Administration), has been appointed as Stockmann’s Chief Financial Officer and as a member of the Management Team. Kai Laitinen has most recently served as Chief Financial Officer at Finavia Oyj and before that he held several financial management positions at Outokumpu Oyj. Kai Laitinen will join Stockmann at the latest in August 2017 and he will report to CEO Lauri Veijalainen.

“I would like to warmly welcome Kai Laitinen to Stockmann. Kai has solid experience as a CFO and he will bring us the financial expertise that will complement the Management Team’s know-how very well,” says CEO Lauri Veijalainen.

“I am excited about this interesting new position at Stockmann and being able to join the turnaround of the company. I believe that my earlier, diverse experience in finance will benefit the successful management of the task,” says Kai Laitinen.

Further information:
Lauri Veijalainen
CEO
tel.: +358 9 121 5062

Nora Malin
Director, Corporate Communications
tel.: +358 9 121 3558

www.stockmanngroup.com

Source: STOCKMANN plc

Stockmann plc to publish its Financial Statements Bulletin 2016 on 15 February 2017

Helsinki, Finland, 2017-Feb-09 — /EPR Retail News/ — Stockmann plc will publish the Financial Statements Bulletin 2016 on Wednesday, 15 February 2017 at 8:00 a.m. EET.

A press and analyst briefing will be held on 15 February 2017 at 9:15 a.m. EET in the Fazer À la Carte restaurant on the 8th floor of Stockmann’s Helsinki city centre department store, Aleksanterinkatu 52 B. At the briefing, the financial statements will be presented by CEO Lauri Veijalainen and the financial performance for the divisions by the directors of the divisions.

Webcast
CEO Lauri Veijalainen will host a webcast in English on 15 February 2017, at 11:00 a.m. EET presenting the financial statements. To participate in the webcast, please dial one of the numbers below 5–10 minutes before the webcast begins. The presentation can be followed by this link or on the address stockmanngroup.com. The recording and presentation material are available on the company’s website after the event.

Finland: +358 9 7479 0361
Sweden: +46 8 5033 6574
United Kingdom: +44 330 336 9105
United States of America: +1 719 457 1036

Confirmation code: 9962578

Further information
Stockmann Media Desk
Mon–Fri 9–16 EET
tel. +358 50 389 0011
info@stockmann.com

Source: Stockmann plc

Stockmann to publish Interim Report for January–September 2016 on 28 October 2016

Helsinki, Finland, 2016-Oct-20 — /EPR Retail News/ — Stockmann plc will publish the Interim Report for January–September 2016 on Friday, 28 October 2016 at 8:00 a.m. EET.

A press and analyst briefing will be held on 28 October 2016 at 9:15 a.m. EET in the Fazer À la Carte restaurant on the 8th floor of Stockmann’s Helsinki city centre department store, Aleksanterinkatu 52 B. At the briefing, the Interim Report will be presented by CEO Lauri Veijalainen and the financial performance for the divisions by the directors of the divisions.

Webcast
CEO Lauri Veijalainen will host a webcast in English on 28 October 2016, at 11:15 a.m. EET presenting the Interim Report. To participate in the webcast, please dial one of the numbers below 5–10 minutes before the webcast begins. The presentation can be followed by this link or on the address stockmanngroup.com. The recording and presentation material are available on the company’s website after the event.

Finland: +358 9 7479 0404
Sweden: +46 8 5065 3942
United Kingdom: +44 20 3043 2026
United States of America: +1 719 457 1036

Confirmation code: 1217387

Further information:
Stockmann Media Desk
Mon–Fri 9–16 EET
tel. +358 50 389 0011
info@stockmann.com

Source: Stockmann plc /globenewswire

Stockmann Group’s sales in September down by 10.7 per cent

Helsinki, Finland, 2016-Oct-18 — /EPR Retail News/ — The Stockmann Group’s sales in September were down by 10.7 per cent and amounted to EUR 82.5 million in continuing product areas and businesses.

Stockmann Retail’s sales in continuing product areas and businesses were down by 11.9 per cent in September due to fewer price-driven campaigns than in 2015 and on-going renovations. Sales were down by 13.5 per cent in Finland and by 2.9 per cent in the Baltic countries.

Lindex’s sales were down by 9.6 per cent at comparable exchange rates. Sales increased in the Baltic countries, but decreased in the main markets in the Nordics. The decline was following the fashion market development in Sweden (“Stilindex”), where the market decline was 8.2 per cent mainly due to the exceptionally warm weather. Euro-denominated sales were down by 9.8 per cent.

Crazy Days campaign in October
The Crazy Days campaign was held in the Stockmann department stores and online store on 12–16 October 2016. A new online store was launched for the campaign in Finland, and online orders increased significantly during the campaign. In total, the comparable campaign sales were down by 2 per cent. Sales were down by 2 per cent in Finland, and on a par with the previous year in the Baltic countries. The strongest sales were achieved in cosmetics in Finland and in food in the Baltic countries.

“After a tough September, we are rather satisfied with the result achieved in the Crazy Days campaign. Despite some changes in the campaign’s offering, sales were close to the last year’s level, with over 1.4 million sales receipts in our brick-and-mortar stores and over a million of visitors in the renewed online store, resulting in great growth in the online sales. This is a good starting point for the last quarter of the year, which plays a crucial role in Stockmann’s full-year performance,” says CEO Lauri Veijalainen.

Sales (exclusive of VAT) in September

9/2016
EUR mill.
Change-%* 1-9/2016
EUR mill.
Change-%*
Stockmann Retail, Finland 28.3 -13.5 299.3 -10.9
Stockmann Retail, international operations 5.7 -2.9 58.2 -3.3
Stockmann Retail, total 34.0 -11.9 357.5 -9.7
Lindex, total 48.5 -9.8 458.4 0.6
Group, Finland, total 33.5 -12.1 350.7 -9.5
Group, international operations, total 49.0 -9.6 465.1 0.3
Stockmann Group, total* 82.5 -10.7 815.8 -4.2

*Continuing product areas and businesses i.e. excluding Russian retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).

Stockmann’s total sales in September 2016 were EUR 87.9 million, including Hobby Hall. In September 2015, sales were EUR 111.7 million, including also Russian retail operations and discontinued product areas in department stores.

Change-%: change compared with the corresponding period of the previous year. The Group’s sales figures include merchandise sales exclusive VAT in stores and department stores. The figures do not include other operating income such as rental income or service fees.

Further information:
Lauri Veijalainen
CEO
tel. +358 9 121 5062

Nora Malin
Director
Corporate Communications
tel. +358 9 121 3558

www.stockmanngroup.com

Source: STOCKMANN plc

Stockmann announces Nomination Board consisting of its four largest shareholders

Helsinki, Finland, 2016-Oct-06 — /EPR Retail News/ — According to the decision of Stockmann’s Annual General Meeting, the Nomination Board consists of representatives of the four shareholders holding largest voting power, as registered in Stockmann’s shareholder register as of 1 September 2016 along with the Chairman of the Board of Directors as an expert member.

The Nomination Board prepares proposals for the Annual General Meeting in 2017 on the composition and remuneration of the Board of Directors.

Stockmann’s four largest shareholders by votes on 1 September 2016 were:

% of votes
1. Society of Swedish Literature in Finland 15.74
2. Föreningen Konstsamfundet Grouping 15.14
Föreningen Konstsamfundet r.f. 13.23
KSF Media Holding Ab 1.91
3. HTT STC Holding Oy Ab 10.70
4. Niemistö Kari 9.43

The shareholders have nominated following members to the Nomination Board:

Magnus Bargum, Treasurer, Society of Swedish Literature in Finland
Kaj-Gustaf Bergh, Managing Director, Föreningen Konstsamfundet r.f.
Ole Johansson, Chairman of the Board, Hartwall Capital Oy Ab, representing HTT STC Holding Oy Ab
Leena Niemistö, Chairman of the Board, Selective Investor Oy Ab, representing Kari Niemistö

In addition, Chairman of the Board Jukka Hienonen will join the Nomination Board as a member.

Lauri Veijalainen
CEO

Distribution:
Nasdaq Helsinki
Principal media

Contact:
Jukka Naulapää
Director, legal affairs
tel. +358 9 121 3850
www.stockmanngroup.com

Source: STOCKMANN plc

Stockmann announcement the appointment of Lauri Veijalainen as its new CEO

Helsinki,Finland, 2016-Sep-12 — /EPR Retail News/ — STOCKMANN plc, Changes board/management/auditors 12.9.2016 at 8:30 EET

Stockmann plc’s Board of Directors has appointed Lauri Veijalainen as Stockmann’s new Chief Executive Officer as of 12 September 2016. Lauri Veijalainen (born 1968), B.Sc., MBA, has served as Stockmann’s interim CEO since April 2016. Before that he was the company’s CFO from August 2015. He joined Stockmann in 2010 as Development Director for the Group’s International Operations.

“Stockmann is ready to continue the turnaround that is already visible in the Group’s financial performance. We have two successful and profitable divisions: Lindex and Real Estate. Now we will focus on improving the department store experience and the stores’ sales and profitability. After a thorough selection process, the Board of Directors concluded that Lauri Veijalainen has the best qualities for this position. He has versatile experience in the retail and real estate businesses, strong financial knowledge and he has over the past months proven his skills in carrying out major change projects at Stockmann. I am confident that Lauri is the right person to encourage personnel to achieve key goals,” says Jukka Hienonen, Chairman of the Board of Directors.

“With the trophy retail locations in Finland and the Baltics, a brand that evokes strong emotions, and a new clear focus, Stockmann has all prerequisites to return its department store operations back to profit by 2018. We want to further develop Stockmann’s department stores and the supporting online store to become a unique shopping destination for fashion, food, beauty, and home decoration. I am eager to take Stockmann further and rapid steps forward and to gain results as a team with my skilled colleagues,” says Lauri Veijalainen.

Further information:
Jukka Hienonen
Chairman of the Board of Directors
tel. +358 50 388 9670

Lauri Veijalainen
CEO
tel. +358 46 876 1648

Nora Malin
Director
Corporate Communications
tel. +358 400 612 414

www.stockmanngroup.com

STOCKMANN plc

Jukka Hienonen
Chairman of the Board of Directors

Distribution:
Nasdaq Helsinki
Principal media

Source: Stockmann Oyj Abp/globenewswire