 Tokmanni in Tampere | |
| Company type | Retail company |
|---|---|
| Founded | 1989 |
| Headquarters | , |
Key people | Mika Rautiainen (CEO) |
Number of employees | 3,415 (2018) [1] |
| Website | https://www.tokmanni.fi/ |
Tokmanni Group Oyj is a Finnish retail chain, which is also the largest discount store chain in Finland in terms of net sales in 2019. [2] Tokmanni is Finland's only nationwide discount store chain, and at the end of 2019 it had almost 200 stores around the country. [3] [4]
The oldest Finnish low price chain of those who later went into the ownership of Tokmanni, was Vapaa Valinta, founded in 1974 in Pirkkala of Juha and Paula Manninen.
The brothers Kyösti and Kari Kokkonen founded in 1989 a discount store in Joensuu under the name Okman, which was renamed to Tokmanni in 1991. Later, other low-price chains were founded in the 1970s, for example, Pirkko and Hannu Vuokila in 1978 founded Säästökuoppa in Oulu and Seppo and Paavo Saastamoinen in 1979 founded Maxi-Makasiini in Kajaani.
During the 1980s, low-cost companies were founded throughout Finland, such as Tarjoustalo in Hyvinkää in 1980 by Arja and Kari Hautanen, Säästöpörssi in Karis in 1985 by Timo and Tapio Halme and Robinhood in 1988 by Seppo and Jukka Saastamoinen in Kouvola.
In 1995, after a newspaper article about the Tokmanni retail chain, the Stockmann corporation contacted the Tokmanni chain by a letter asking them to renounce their name. The matter was resumed in November 1997, when the law firm representing Stockmann sent the Kakkonen brothes a new letter accusing the chain of mocking the brand name of Stockmann and demanding the chain remove the auxiliary brand name Kauppahuone Tokmanni from the company register and to stop using the brand name Tokmanni - Stockmann had also noticed that the chain had used the title "$tokmanni" in local advertising. [5]
In their reply, the Tokmanni chain promised to stop using the term $tokmanni in their advertising but refused to renounce the Tokmanni brand name. According to Kakkonen, the name Tokmanni is clearly distinguished from Stockmann because of its meaning in Swedish: tok (meaning "crazy") and man (meaning "man"), which Kakkonen claimed referred to the chain's crazy low prices. In the end both the common court and the district court demanded the chain give up the $tokmanni term, but the remaining claims Stockmann had made were dismissed. In their judgement, the district court noted that Stockmann had inexplicably wasted time in pressing the charges after their first letter had been sent. [5]
The economic crisis in Finland in the early 1990s then led to many bankruptcies in the retail industry. In 2004, the Finnish private equity fund CapMan entered as the principal owner of Tokmanni. Thereafter, a process started with many acquisitions and mergers of companies began to a nationally active retail chain, with the beginning of the acquisition of 35 stores in Vapaa Valinta chain.
During 2013 – 2015, Tokmanni implemented the brand harmonization, in which all the Group's stores were grouped under the Tokmanni brand.
According to the 2018 annual report, Tokmanni is still striving to expand its store network. Tokmanni has divided its product group into six different divisions, which are food, home cleaning and personal hygiene, clothing, tools and electronics, home interior and garden, and leisure and home technology. In addition to consumer goods, Tokmanni stores usually also sell dry food, but the 15 stores also include fresh food. [6] The chain's own brands include Iisi groceries and Priima foods. [7] The company's product range consists of international and domestic brands, its own so-called private label brands (Iisi and Priima) and non-branded products. Tokmanni has a joint sourcing company in Shanghai with the Norwegian discount store Europris. [8]
Tokmanni's five largest shareholders on 30 September 2019 were Takoa Invest, Elo, Varma, Ilmarinen and OP Financial Group. About 30 percent of the shares are nominee-registered. [9]
Aldi is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate groups in 1960, that later became Aldi Nord, headquartered in Essen, and Aldi Süd, headquartered in neighbouring Mülheim.
Stockmann plc is a Finnish retailer established in 1862.
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
The S Group is a Finnish retailing cooperative organisation with its head office in Helsinki. Founded in 1904, it consists of 19 regional cooperatives operating all around Finland in addition to SOK, Suomen Osuuskauppojen Keskuskunta. S Group operates in the markets for groceries, consumer durables, service station, hotel and restaurant services. It is engaged in close competition with Kesko, with which it shares an oligopolistic position in many of the markets it operates in.
Kesko Corporation is a Finnish retailing conglomerate with its head office in Kalasatama, Helsinki. It is engaged in the grocery trade, building and technical trade, and car trade. It also has operations in Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, and Poland.
Woolworths Supermarkets is an Australian chain of supermarkets and grocery stores owned by Woolworths Group. Founded in 1924, Woolworths is currently Australia's largest supermarket chain with a market share of 33% as of 2019.
Bottom Dollar Food is a defunct American soft-discount grocery chain. It was a subsidiary of Delhaize America, the U.S. division of international food retailer Delhaize Group. Its headquarters was in Salisbury, North Carolina.
FreshCo Ltd. is a Canadian chain of discount supermarkets owned by Sobeys. It was launched in March 2010. As of September 2023, there were 100 FreshCo stores.
Coop amba, formerly FDB, is a cooperative based in Denmark. The coop has 1.9 million members and three subsidiaries. The Coop Danmark subsidiary operates the retail store chains of Kvickly, Brugsen, SuperBrugsen, Dagli'Brugsen and 365discount as well as the furniture company FDB Møbler. They previously ran the now discontinued chains Irma, Fakta & LokalBrugsen. The last two subsidiaries comprise Coop Bank and Coop Invest.
Netto Marken-Discount is a German discount supermarket chain owned by the German supermarket cooperative Edeka Group, and operates mostly in the south and west of Germany. The company reached its 1000th store in 2004, then aggressively expanded to the 4000th store in 2009, making it the largest discounter in Germany.
Huhtamäki Oyj is a global food packaging specialist, headquartered in Espoo, Finland. Its products include paper and plastic disposable tableware, such as cups, plates and containers for quick service restaurants, coffee shops, retail stores, caterers and vending operators. The company provides coated paper cups for fast food chains such as Burger King, as well as flexible packaging and labels for food and drink, pet food, pharmaceuticals, household and hygiene brands. Huhtamaki also makes egg cartons and trays, fruit trays and cup carriers.
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).
Lidl is a German international discount retailer chain that operates over 12,000 stores, present in every member state of the European Union, Serbia, Switzerland, the United Kingdom and the United States. Headquartered in Neckarsulm, Baden-Württemberg, the company belongs to the Schwarz Group, which also includes hypermarket chain Kaufland.
Kyösti Kakkonen is a Finnish businessman and millionaire. He is the co-founder and chief executive officer of the Finnish discount retail chain Tokmanni. Kakkonen is also an art collector.
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.
The Academic Bookstore is a Finnish chain of bookstores. It has both physical outlets as well as an online presence.
The retail format influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains.
| Main supermarkets |
| |
|---|---|---|
| Minor supermarkets | ||
| Discount | ||
| Convenience | ||
| Liquor | ||
| Former | ||
 | This corporation or company article is a stub. You can help Wikipedia by expanding it. |
