S Group's sales and results showed positive development
S Group's sales and results continued their steady growth in 2018. S Group's operating result for 2018 was EUR 355 million, compared to EUR 344 million in 2017. SOK Corporation's operating result increased to EUR 59 million from the previous year's EUR 41 million.
S Group's sales increased: "Organic food and fast ready-made meals gaining ground"
S Group's sales excluding taxes increased by 2.5% in January–September and stood at EUR 8 549 million. Total sales continued their stable growth and, in particular, the grocery trade in Finland improved at a brisk pace.
S Group's sales increased – Christmas sales higher than last year
In 2017, S Group's retail sales excluding taxes increased by 2.3 per cent and stood at EUR 11,273 million. Sales accelerated towards the end of the year as a result of the expected brisk Christmas sales, especially in Sokos department stores, Emotion outlets and Prisma stores.
Finnish Competition and Consumer Authority approved the sale of Stockmann Delicatessen to S Group
The Finnish Competition and Consumer Authority has approved the sale of Stockmann Delicatessen in Finland to S Group's three regional cooperatives and SOK. However, the Authority requires Stockmann Delicatessen to continue its procurement from Tuko Logistics until the end of 2018.
S Group's sales increased – growth also expected for the rest of the year
S Group's retail sales excluding taxes increased by 2.4% in January–September and stood at EUR 8,342 million. In addition to supermarket trade, sales increased in several other business areas.
S Group's sales increased: "Our customers appreciate the wider selection and lower prices"
S Group's sales excluding taxes increased by 2.4 % in January–June and stood at EUR 5 464 million. The increase was particularly strong in grocery sales and in the service station stores and department stores.
S Group's regional cooperatives to buy Stockmann Delicatessen's business operations in Finland – aiming for the top European level
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.
Now people in Finland can enjoy a bit of luxury at the table: S Group and Tesco announce product partnership
The focus on food in Finland is currently geared towards local sourcing, vegetables and seasonal products, price-consciousness, and a desire to find enjoyment and luxury in everyday life. The product partnership between S Group and Tesco makes available some 200 products that will add a little extra flavour to Finnish meals.
S Group's sales increased – including significant growth in fashion as well as online food trade
In 2016, S Group's retail sales excluding taxes increased by 2.0% and stood at EUR 11,020 million. Longer opening hours, price reductions and wider product ranges of, for instance, fashion attracted more customers and resulted in increasing sales.
Nina Nieminen elected as Chair of HSMAI Region Europe Distribution Advisory Board
The members of HSMAI Region Europe Distribution Advisory Board have elected Nina Nieminen as Chair of the HSMAI Region Europe Distribution Advisory Board. Nina is the Director of Revenue Management and Distribution for SOK Travel and Hospitality Industry Chain Management (Sokos Hotels).
S Group is planning to streamline it franchise operations with Marks & Spencer in Finland
S Group is planning to streamline its franchise operations of the Marks & Spencer chain in Finland. The plans may lead to the closing of the Marks & Spencer stores in Hämeenlinna and Lappeenranta and the reduction of space at other stores in Finland.
Five reasons why social eating interests people
Throughout history, having a meal together has been an important moment to share. Recently, social eating has become even more popular than before. Nina Sjölund, the development manager for tourism and food trade at SOK, tells us why sharing a meal has suddenly become the number one trend in the restaurant world.
Varma commissions expansion of Sokotel's Flamingo hotel
Varma has commissioned the construction of a hotel expansion in connection with the Flamingo entertainment centre in Vantaa's Aviapolis area and will rent the new wing to Sokotel Oy under a long-term lease agreement. The expansion will house approximately 230 hotel rooms.