All Sweden articles – Page 3
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News
H&M draws criticism for featuring ‘super-tanned bodies’ in swimwear ad
Clothing retailer H&M drew criticism after featuring ‘super-tanned bodies’ in its new swimwear campaign. The ads – which portray brightly coloured swimwear on a heavily tanned model – caused media consternation in countries where the adverts are shown.A cancer awareness organisation in Switzerland claimed H&M’s adverts have undermined its own ...
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AnalysisCan Ikea change the face of consumer electronics?
Ikea has surprised us all with its plans to launch a range of living room furniture with integrated consumer electronics.
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AnalysisH&M’s brand new approach
The fashion giant’s plan for a new premium fascia will open the door to a broader customer base.
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AnalysisThe 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.
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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 to a gross ...
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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 argued that the ...
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GallerySvensk 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.
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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 interest ...
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NewsDixons’ Nordic business impresses
Electricals group Dixons showed off its Nordic business, Elkjøp, last week, when it hosted an analysts’ visit in Sweden.
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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 no ...
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NewsBest 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.
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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 distribution and ...
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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.
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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 disappointing ...
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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 to establish ...
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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 continue investment in ...
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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 Mikael Ohlsson ...
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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, ICA ...
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