Stockmann presents CSR review 2017

Helsinki, Finland, 2018-Mar-05 — /EPR Retail News/ —  In 2018, Stockmann focuses on inspiring the customers with even more responsible choices. The department store invests especially in the sustainability of its own brand product range and the reduction of its environmental impact. The just released CSR review 2017 tells about our efforts towards more responsible business.

Stockmann will significantly increase the use of sustainable materials such as organic cotton, lyocell and recycled fibers this year, in its own brand of clothing for women, men and children.

Even more organic cotton

The use of sustainable materials has increased rapidly as already 30% of Stockmann’s own brands 2018 spring collection is produced with sustainable materials, compared with 10% in 2017. Also Stockmann’s Casa collection with own brand home products will include linens made of organic cotton in the summer. Responsible products in the home merchandise area are featured in a pop up shop in the Helsinki department store until the beginning of April.

In 2017, already 55% of Lindex garments were made of sustainable materials, and 95% of the cotton used was sustainably produced. In 2017, Lindex launched an upcycled collection that was redesigned from Better Denim garments from previous seasons and an even more sustainable Even Better Denim collection that uses less water, energy and chemicals.

Stockmann’s own brand products and Lindex’s fashion products with less environmental impact are identified with a hangtag or given in the product information in the online store. In addition, the Design from Finland label in Stockmann’s own brand products tells that the product has been designed inFinland by Stockmann’s own Design Studio.

Carrier bag consumption declined

In 2017, Stockmann and Lindex also put emphasis in sustainable materials in carrier bags and reducing their amount. According to the Society’s Commitment to Sustainable Development, Stockmann started charging customers for carrier bags in department stores in Finland and Riga in September 2017 and in Tallinn as of 1 January 2018. The demand of carrier bags was reduced by hundreds of thousands of bags on monthly level and during the Crazy Days Campaign it was halved.

Lindex campaigned to reduce the number of carrier bags consumed with the One Bag Habit initiative, which aims to reduce the consumption of bags and increase information about the negative impacts of carrier bags. The initiative started in the stores in Sweden in June 2017 and also in the stores in Finland starting from February 2018.

Human rights principles to strengthen supply chain sustainability

Respect for human rights is fundamental in the Stockmann Group’s values and operations. In February 2018, Stockmann’s Board of Directors approved the Group’s Human Rights Principles.

Stockmann commits to carry out further human rights due diligence as required in the United Nations Guiding Principles on Business and Human Rights, in order to identify, prevent and mitigate adverse human rights impacts resulting from or caused by our business activities. The policy complements the Stockmann Code of Conduct and is a continuum to Stockmann’s long term work on responsible, transparent and traceable supply chains.

Stockmann’s targets and progress towards more responsible business are presented in the CSR review 2017, which is part of Stockmann’s annual reporting.

More information:
Johanna Stenbäck
CSR Manager
+358 9 121 3757

Source: Stockmann

Stockmann is now on WeChat’s Shopping section

Stockmann is now on WeChat’s Shopping section

 

Helsinki, Finland, 2018-Feb-20 — /EPR Retail News/ — The popular Chinese WeChat application received its own Helsinki mini-application on the Chinese New Year’s Day on February 15 2018. Stockmann is one of the first companies in the app’s Shopping section.

Stockmann offers a discount coupon through the WeChat application. By showing the Stockmann discount coupon Chinese tourists can get a tourist discount for the products they buy.

“Chinese tourists are the fastest growing group and they represent, after Russians, Stockmann’s second largest tourist group in tax free purchases outside the EU. We want to offer even better customer service to Chinese tourists by WeChat”, explains Anna Salmi, Stockmann’s Chief Customer Officer .

WeChat Helsinki application offers information on sights, services and events as well as an interactive map. Users can also make a travel plan in the service. WeChat is currently being used by more than 960 million people.

Last autumn, Stockmann also introduced China’s most popular mobile payment service, Alipay, providing an easy, safe, and convenient way to pay for mobile payments. Read more.

For more information:
Anna Salmi
Chief Customer Officer
Stockmann
tel. +358 9 121 9459

Source: Stockmann

###

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

 

Stockmann Publishes Annual Report for 2016

Helsinki, Finland, 2017-Mar-07 — /EPR Retail News/ — Stockmann’s report by the Board of Directors, financial statements, Auditor’s report and corporate governance statement for 2016 have been published as a part of Stockmann’s annual reporting on the company’s website at year2016.stockmanngroup.com.

Stockmann’s 2016 reporting consists of four reviews:
– Business Review ‘Our year 2016’, which includes an overview of business operations and CSR activities
– Financial Review, which includes the consolidated financial statements, parent company financial statement, the report by the Board of Directors and the Auditor’s report
– Corporate Governance Review, which includes the corporate governance statement and the remuneration statement
– CSR Review, which presents the CSR results according to the Global Reporting Initiative (GRI) G4 Guidelines.

The reviews are available in Finnish, Swedish and English.

The printed Business Review will be sent to those who have so requested. Copies of the review can be ordered on the company’s website. The Financial Review and the corporate governance statement are also available as appendixes to this announcement as pdf files.

Further information:
Nora Malin
Director
Corporate Communications
tel. +358 9 121 3558
www.stockmanngroup.com

Source: STOCKMANN plc

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 announces shareholders’ Nomination Board proposals for the Annual General Meeting on 23 March 2017

Helsinki, Finland, 2017-Jan-19 — /EPR Retail News/ — Stockmann’s shareholders’ Nomination Board has in its meeting decided to propose the following to the Annual General Meeting, which will be held on 23 March 2017:

The Nomination Board proposes that the number of members of the Board of Directors remain eight.

The shareholders’ Nomination Board proposes that the present members of the Board of Directors, Kaj-Gustaf Bergh, Jukka Hienonen, Susanne Najafi, Leena Niemistö, Michael Rosenlew, Per Sjödell and Dag Wallgren, all having given their consents, be re-elected for the term of office continuing until the end of the next Annual General Meeting.

Board member Torborg Chetkovich has informed that she will no longer be available as member of the company’s Board of Directors. The Nomination Board proposes that LL.M, M.Sc.(Econ.) Esa Lager with his consent, be elected new Board member for the term of office stated above. Esa Lager (b. 1959, Finnish citizen) is professional Board member and he has earlier had several management positions in the Outokumpu Group, e.g. as deputy to CEO and CFO.

The Nomination Board proposes that the remuneration of the members of the Board of Directors remain at the present level.

Additional information on the member proposed by the Stockmann’s shareholders’ Nomination Board can be found on the company’s website www.stockmanngroup.com. The proposals of the Nomination Board will be included in the invitation to the Annual General Meeting.

Magnus Bargum (nominated by Svenska litteratursällskapet i Finland) acts as Chairman of Stockmann’s shareholders’ Nomination Board, and Kaj-Gustaf Bergh (nominated by Föreningen Konstsamfundet rf.), Ole Johansson (nominated by HTT STC Holding Oy Ab), Leena Niemistö (nominated by Kari Niemistö) and Stockmann’s Chairman of the Board Jukka Hienonen act as members of the Nomination Board.

www.stockmanngroup.com

Further information:
Jukka Naulapää
Director
Legal Affairs
tel. +358 9 121 3850

Source: STOCKMANN plc

Stockmann finalises divestment of Hobby Hall to Finnish SGN Group

Helsinki, 2017-Jan-05 — /EPR Retail News/ — Hobby Hall’s business operations have been transferred to the new owner, the Finnish SGN Group, on 1 January 2017. The transaction was completed according to a letter of intent, announced in a stock exchange release on 28 April 2016.

The transaction price does not have a significant effect on Stockmann’s earnings, but the divestment will improve Stockmann’s profitability. Following the divestment, Stockmann is concentrating on its core businesses, which are Stockmann Retail (department stores and online store), Real Estate and Lindex.

Hobby Hall’s revenue in 2016 was approximately EUR 72 million. The operating result in 2016 will be reported as a part of Stockmann’s Financial Statements Bulletin, which will be published on 15 February 2017. As part of the transaction, approximately 150 Hobby Hall’s employees were transferred to SGN Group. Hobby Hall’s logistics and warehouse functions were transferred to Posti on 1 May 2016.

Further information:
Jukka Naulapää
Director, Legal affairs
tel. +358 9 121 3850
www.stockmanngroup.com

Source: Stockmann

Stockmann to reduce the amount of plastic waste and litter as part of its commitment to sustainable development

Helsinki, Finland, 2016-Nov-02 — /EPR Retail News/ — Stockmann wants to be a forerunner in environmental issues and to reduce the amount of plastic waste and litter for its part. In order to reduce the amount of plastic bags, several actions including communications and advising will be introduced in Stockmann department stores during 2017. The actions are part of Stockmann’s commitment to sustainable development.

We introduce new more sustainable options for shopping bags

The selection of re-usable shopping bags will be renewed and expanded. Re-usable bags upcycled from Stockmann’s old outdoor advertising materials in co-operation with Globe Hope were on sale during the Crazy Days campaign, and already before, we have sold re-usable bags made from old sail-clothes in Delicatessen. Re-usable bags, especially those made of recycled or upcycled materials, are a great alternative for plastic bags, for which Stockmann wants to increase its selection of re-usable bags.

The new recycled plastic bags, made 90 percent out of recycled materials and tested over the fall, will continue as a permanent option in Delicatessen’s shopping bag selection. Also other more sustainable materials will be introduced in Stockmann’s shopping bag selection during 2017. In the process, the selection of the thinnest plastic bags, with least re-use opportunities, will be reduced.

We offer alternatives for plastic fruit and vegetable bags

Starting November 2016, the customers in Delicatessen will have a choice of biodegradable paper pouches and/or biodegradable bags for fruit and vegetables, made available along the thin plastic bags, without charge. Also re-usable fruit and vegetable bags with charge will be made available. These options have already been tested in some Delicatessen food departments, and now the practice will be extended to cover all Delicatessens in Finland.

We will gradually expand charging for plastic bags

Charging fee is an effective way to reduce the consumption of plastic bags, while a new shopping bag is not necessarily needed with every purchase. Paper and plastic bags in Delicatessen food department are already subject to payment, and during 2017 charging for plastic bags will be gradually expanded in the department stores for non-food consumer goods in order to reduce plastic bag consumption.

Until now, thin plastic bags have been available for our customers to grab at the Delicatessen and the Daily cosmetics cashiers. This service will be ended starting from the beginning of 2017. In the future, a thin plastic bag can be obtained by asking the cashier at Delicatessen. The distribution of Crazy Days shopping bags free of charge in Delicatessen will also be ended during 2017.

”We are constantly looking for new ways to reduce our environmental impact, and through this reform for shopping bags, we will reduce plastic waste. The sorting rate in our department stores is 99 per cent and recycling rate is 71.5 per cent, and we carefully sort and recycle plastics such as shrink wrap and other plastic film used in packaging”, says Stockmann’s CSR Manager Johanna Stenbäck.

Stockmann has made a commitment to reduce plastic bags in the Society’s Commitment to Sustainable Development. The commitment is based on the EU directive for packaging and packaging waste (94/62/EY, changed with directive (EU2015/720) that aims to reduce plastic bag consumption to a maximum of 90 bags per resident by the end of 2019 and maximum of 40 bags by the end of 2025. In Finland, the reductions will be actualized through voluntary commitments made by retail companies, as agreed by the Environmental Ministry and Finnish Commerce Federation.

Further information:

CSR Manager
Johanna Stenbäck
+358 46 876 1529

Source: Stockmann

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 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