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Stockmann | |
Native name | Lindex Group Oyj |
Company type | Public company |
Nasdaq Helsinki: STCBV | |
ISIN | FI0009000251 |
Industry | Retail |
Founded | 1862Helsinki, Finland | in
Founder | Heinrich Georg Franz Stockmann |
Headquarters | , |
Area served | Finland,Latvia, Estonia |
Key people | Susanne Ehnbåge CEO |
Products | Department store |
Brands | Stockmann, Stockmann Herkku, Lindex, One Way |
Number of employees | 9,734 (2016) |
Website | www |
Stockmann plc is a Finnish retailer established in 1862.
Stockmann's eight company-owned department stores are in Finland (six), Estonia (one), and Latvia (one). There also was an additional nine Stockmann-branded department stores in Russia owned and operated by Reviva Holdings, with a license to use the Stockmann name until 2028. [1]
The Stockmann, Helsinki centre flagship store covers 50,000 square metres (540,000 sq ft) of retail space and welcomes more than 17 million visitors every year. It is the largest department store in the Nordic countries.
Stockmann owns and manages five shopping malls with 142,000 square metres (1,530,000 sq ft) of gross leasable area, of which half is occupied by Stockmann.
Lindex, owned by Stockmann, has 475 stores in 16 countries, including 39 franchised stores.
Stockmann has been a member of the International Association of Department Stores from 1950 to 2020, with various CEOs acting as presidents of the Association over time. [2] [3]
Stockmann was established by Georg Franz Stockmann, a merchant from Lübeck, Germany who took a job as a bookkeeper at a Nuutajärvi Glassworks store in Helsinki Senate Square. In 1859, Stockmann became the manager of the store. In 1862, Stockmann took control of the store and the Stockmann department store was officially established. In 1902, the company was renamed G.F. Stockmann Aktiebolag. The shareholders were Stockmann and his two sons, Karl and Frans. Stockmann died in 1906. In 1930, the Stockmann, Helsinki centre store was finished, complete with revolving doors, a soda fountain, and escalators. Also in 1930, Stockmann bought a neighbouring book store, Akateeminen kirjakauppa (Swedish : Akademiska bokhandeln, the Academic Bookstore). The first television transmission in Finland was broadcast from the department store in 1950.
In the 1950s, Stockmann opened a department store in Tampere. Stockmann opened department stores in Tapiola in 1981 and Turku in 1982. In 1986, the first Hullut Päivät (lit. 'crazy days') sales were held. The sales proved extremely popular and became a biannual event. The first Stockmann stores outside of Finland opened in Moscow in 1989, and in Tallinn in 1993. The northernmost department store, in Oulu, opened in 2001 and closed in 2017. [4]
In 1989, Stockmann began operations in Russia, with the opening of a small stand in the GUM department store in Moscow. [5]
In December 2007, Stockmann acquired Lindex, a Swedish clothing retailer with 331 outlets in the Nordic region and the Baltic states. [6]
Stockmann sold Seppälä on 1 April 2015 to Seppälä's CEO Eveliina Melentjeff and her husband Timo Melentjeff. [7]
In September 2015, Stockmann sold The Academic Bookstore to Bonnier Books AB media. [8]
In February 2016, Stockmann sold its operations in Russia to Reviva Holdings. Stockmann continued to own and operate Nevsky Centre in Saint Petersburg until it was sold in January 2019. [9] [10] [11]
On January 1, 2017, Stockmann sold Hobby Hall to SGN Group. [12]
In 2017, the company sold its food division, Stockmann Herkku, to S Group for €27 million. [13] [14]
In May 2018, the company sold Kirjatalo, the building opposite their flagship store in Helsinki which houses the Academic Bookstore, for €108 million. [15]
In March 2019, CEO Lauri Veijalainen resigned. [16] [17]
In June 2019, the company announced 150 layoffs. [18]
In April 2020, Stockmann applied for corporate restructuring due to the COVID-19 pandemic in Finland. [19] Its restructuring plan took effect in December 2020 over an eight-year period. [20]
In January 2022, Sberbank and Yakov Panchenko, actual owner of Stockmann in Russia, announced the binding agreement for the purchase of 100% stake of Stockmann by the bank by June 2022. Presently, 100% of shares of Stockmann in Russia are hypothecated by "Sberbank". [21]
Globus is a Swiss department store company, with nine department stores in Switzerland. It is currently owned by a Thai company, Central Group. The Globus group includes the Herren Globus chain of menswear stores and the Office World chain of office supplies stores, was previously owned by Switzerland's largest retailer, Migros.
Printemps is a French chain of department stores with a focus on beauty, lifestyle, fashion, accessories, and men's wear. Its flagship store, known in French as "le Printemps Haussmann", is located on Boulevard Haussmann in the 9th arrondissement of Paris, along with other well-known department stores like the Galeries Lafayette. Since 2013, the company has been the property of a Luxembourg-based Qatari-backed investment fund, Divine Investments SA.
B. Dalton Bookseller was an American retail bookstore chain founded in 1966 by Bruce Dayton, a member of the same family that operated the Dayton's department store chain. B. Dalton expanded to become the largest retailer of hardcover books in the United States, with 779 stores at the peak of the chain's success. Located mainly at indoor shopping malls, B. Dalton competed primarily with Waldenbooks. Barnes & Noble acquired the chain from Dayton's in 1987 and continued to operate it until a late 2009 announcement that the last 50 stores would be liquidated by January 2010. B. Dalton was later revived by rebranding a Barnes & Noble location in 2022.
Lindex was founded as a Swedish fashion chain in 1954, however since 2007 it became a part of the Finnish Stockmann Group. The company has around 5000 employees and approximately 480 stores in 18 markets in the Nordic countries, the Baltic states, Central Europe and the Middle East. In addition to sales in store, Lindex also offers their fashion assortment via online shopping in 28 countries: all EU countries plus Norway. The company has had a rapid international expansion and sales growth. The assortment includes several different concepts within women's wear, lingerie, kids’ wear and cosmetics.
De Bijenkorf is a chain of high-end department stores in the Netherlands, with its flagship store on Dam Square in Amsterdam. The chain is owned by Selfridges Group, owner also of Britain's Selfridges and Ireland's Brown Thomas and Arnotts.
Kluuvi is the commercial centre of Helsinki, Finland, and a neighbourhood in the Vironniemi district of Helsinki. The Helsinki Central railway station, Hotel Kämp and Hotel Arthur, the Helsinki main post office, the Stockmann and Sokos department stores, the Kluuvi shopping centre and the main offices of Finnish banks are located in Kluuvi. Kluuvi includes the central campus of the University of Helsinki, the Ateneum art museum, and the movie theatres Maxim, Kinopalatsi and Bristol. The northeastern part of Kluuvi, which includes the Kaisaniemi park, is commonly called Kaisaniemi, but it is not the official name of any neighbourhood in Helsinki.
Galeria Kaufhof GmbH was a German department store chain, headquartered in Cologne. It was a member of the International Association of Department Stores from 1930 to 2010, with various CEOs acting as presidents of the Association over time.
Stockmann Helsinki Centre is a culturally significant business building and department store located in the centre of Helsinki, Finland. It is one of many department stores owned by the Stockmann corporation. It is the largest department store in the Nordic countries in terms of area and total sales. The store is known for carrying all the internationally recognised luxury brands, and Stockmann's enjoys a reputation as the primary high-end department store in Finland. Stockmann Delicatessen, the food and beverage department located at the basement level, is renowned for the quality and choice of its foodstuffs. The Stockmann logo represents a set of escalators, which are commonly, but wrongly believed represent the first escalators in Finland. The first escalators in Finland were installed in the Forum department store, Turku (1926).
Falabella S.A. is a Chilean multinational company. It is the largest retail company in Chile followed by Cencosud and one of the largest in Latin America. It operates its flagship Falabella department stores in addition to Mall Plaza shopping centers, Tottus hyper & supermarkets, Banco Falabella banks, and Sodimac home improvement centers. The company has 491 stores and 42 shopping malls. The stores are divided into 111 department stores branded as Falabella, 251 home improvement stores under the brand Sodimac and 129 supermarkets branded as Tottus. In Peru the company owned the Saga Falabella, listed in the Lima Stock Exchange. It was renamed to Falabella in 2018.
Arctech Helsinki Shipyard was a Finnish shipbuilding company that focused primarily on icebreakers and other icegoing vessels for arctic conditions.
X5 Group is Russia's largest food retailer. In 2012, the organization of X5-Retail Group LLC was liquidated, and in 2018 X5 Group LLC was opened.
Children's World or Detsky Mir is a Russian children's retailer. Founded in June 1957, as of March 2022, the company had 1125 stores. It is the largest children's goods retailer in Russia and the CIS, with the retail chain in Russia, as well as in Belarus and Kazakhstan. In February 2017, PAO Detsky Mir listed its shares in an initial public offering. Maria Davydova is the CEO.
The Academic Bookstore is a Finnish chain of bookstores. It has both physical outlets as well as an online presence.
Torikeskus is a shopping mall located in the center of Seinäjoki, Finland and it's the largest commercial centre in the South Ostrobothnia region. It was established in 1992 and renewed in 2007, 2009 and 2011–12. Torikeskus was previously owned by Citycon, which sold it in late 2013 to a local investor. The name of the shopping center comes from the Market Square in front of it.
The International Association of Department Stores (IADS) is a retail trade association founded in 1928 by a group of department stores with the goal of introducing modern management methods derived from the scientific management movement to their retail format.
Samokat is a Russian dark store rapid delivery service for food and household goods. Founded in 2017, it was the first dark store operator in the country. By 2022, Samokat owned around 1,100 dark stores in 49 cities and handled 35% of dark store deliveries Russia-wide.
Arabia is a shopping centre located in the Arabianranta district of Helsinki, Finland. From 2015 to 2019 it was owned by Citycon. In June 2019 Citycon sold the shopping centre to the Nordic building investor company NREP. The shopping centre was opened in 2002 in industrial buildings left empty by Kotisaari and Ingman.
Columbus is a shopping centre in Vuosaari, Helsinki, Finland, right next to the Vuosaari metro station. It is owned by Citycon. The centre was completed in August 1996. The centre has a total surface area of over 20,000 m2 (220,000 sq ft).
Kirjatalo is a commercial building located on the corner of Pohjoisesplanadi and Keskuskatu in central Helsinki, Finland. It is notable for having been designed by Alvar Aalto. Possibly its best-known resident is the flagship store of the Academic Bookstore chain.