Stockmann News Monitoring

Finland’s Stockmann to launch talks over up to 60 job cuts

STOCKMANN on Monday announced it is launching consultative negotiations covering 210 positions in Finland. The Finnish retail icon revealed that it intends to terminate roughly 105 positions and create roughly 45 new ones in its department store business, …

Shopping malls in Latvia extend opening hours on Friday

Several shopping malls have extended their opening hours on Friday, LETA learned after talking to Riga shopping centers. Spice and Spice Home malls will be open until midnight on Friday. Usually the two malls are open until 10 p.m. On weekends and holidays …

Stockmann To Close All Its Department Stores In Finland Due To Stricter Restrictions

Stockmann's planned restructuring gets court approval

Finnish-based department store chain Stockmann plc (HEL:STCBV) announced on Tuesday that its restructuring programme has been approved by the Helsinki District Court. The restructuring programme is based on the continuation of Stockmann's department …

HS: Crowds near shopping centres have grown in Finnish capital region in December

THE CORONAVIRUS SITUATION and the restrictions and recommendations adopted to bring it under control have not halted the recent increase in crowds of people near major shopping centres in Greater Helsinki, reports Helsingin Sanomat. The congregation of …

Stockmann to sell and lease back iconic department store in central Helsinki

STOCKMANN on Monday announced its department stores in Helsinki, Riga and Tallinn will be sold as part of a sweeping eight-year re-structuring programme. The Finnish retail company said it will continue to operate the department stores as usual as a tenant …

Stockmann to sell, leaseback its departments store properties in Tallinn, Riga, Helsinki

The Finnish retailer Stockmann is to sell its department store properties in Tallinn, Riga and Helsinki, but will continue operating on the premises as a tenant, according to Finnish public broadcaster Yle reports writes LETA/BNS. This is part of …

Finnish retailer Stockmann turns to leasing back its properties

By Reuters Staff HELSINKI, Dec 14 (Reuters) - Struggling Finnish retailer Stockmann plans to sell and lease back its flagship department store properties located in Helsinki, Tallinn and Riga in order to save itself from bankruptcy, it said on Monday. In …

Finnish retailer Stockmann sinks to Q2 loss

July 24 (Reuters) - Struggling Finnish retailer Stockmann swung to a second-quarter operating loss as the coronavirus outbreak kept customers away from its department stores, and said it was focused on reducing costs to stave off bankruptcy. In April, …

Stockmann reports 49% plunge in March sales as it looks to restructure

April 30 (Reuters) - Finland’s Stockmann suffered a 49.1% fall in March sales hurt by the impact of the coronavirus, said the department store operator, which has filed for corporate restructuring. Its adjusted operating loss widened to 30.5 million euros …

Finnish retailer Stockmann says over 50% of creditors back restructuring

April 7 (Reuters) - Finnish department store owner Stockmann , which filed for corporate restructuring this week hurt by the impact of the coronavirus, said on Tuesday that more than 50% of its creditors have indicated they support the restructuring. …

Finland’s Stockmann files for corporate restructuring due to coronavirus outbreak

STOCKMANN on Monday announced it will file for corporate re-structuring due to an “abrupt and significant” decline in customer numbers caused by the coronavirus pandemic. The Finnish retail icon stated in a press release that the pandemic has brought about …

Finnish retailer Stockmann files for corporate restructuring

(adds detail, background, quotes) HELSINKI, April 6 (Reuters) - Finnish department store owner Stockmann has decided to file for a corporate restructuring after the drop in customer volumes caused by the coronavirus outbreak, it said on Monday. Stockmann …

Finnish department store operator Stockmann files for corporate restructuring

STOCKHOLM, April 6 (Reuters) - Finnish department store owner Stockmann has decided to file for a corporate restructuring after the drop in customer volumes because of the spread of the coronavirus, it said on Monday. The move is a form of administration …

Stockmann's 'Crazy Days' sale moves entirely online for first time in history, drive-in service introduced

THE DEPARTMENT STORE CHAIN STOCKMANN has announced that it's popular bi-annual 'Hullut Päivät' (Crazy Days) sale will be moved entirely to its online store, in an attempt to reduce social gatherings in light of the government's Covid-19 …

BRIEF-Stockmann Initiates Codetermination Negotiations On Temporary Layoffs Of Staff

March 17 (Reuters) - Stockmann Oyj Abp: * ACCORDING TO CURRENT ESTIMATES, TEMPORARY LAYOFFS WOULD BE CARRIED OUT IN SUCH A WAY THAT ALL PERSONS SUBJECT TO CODETERMINATION NEGOTIATIONS ARE LAID OFF FOR A MAXIMUM PERIOD OF 90 DAYS * NEGOTIATIONS WILL BEGIN …

Stockmann reports on board proposals of shareholders' nomination board

Stockmann Oyj Abp (HEL:STCBV), an operator of a chain of fashion stores, announced on Monday that its shareholders' nomination board has in its meeting decided to propose to the Annual General Meeting, which will be held on 18 March 2020, that the …

Stockmann issues positive profit warning, sending shares over 30% higher

CLASS-B SHARES in Stockmann jumped by more than 30 per cent yesterday after a positive profit warning issued by the iconic department store chain. The Finnish retailer revealed yesterday morning that, based on preliminary data, it expects its adjusted …

In pictures: Stockmann's Helsinki store reveals its annual Christmas window display to festive shoppers

STOCKMANN HAS UNVEILED THEIR ANNUAL CHRISTMAS WINDOW DISPLAY at their Helsinki department store, with hundreds of people lining up around the block to catch a glimpse of the festive display.  You can scroll down to have a first look at the Christmas story …

Potandon Produce Voluntarily Recalls Select Red, White, and Yellow Whole Onions Because of Possible Health Risk

COMPANY ANNOUNCEMENT When a company announces a recall, market withdrawal, or safety alert, the FDA posts the company's announcement as a public service. FDA does not endorse either the product or the company. Read Announcement View Product Photos …

Payment landscape is changing - meet GP tom

GP tom application to help bring Slovakia and Czech Republic to the forefront of the new age of payments. LJUBLJANA, SLOVENIA, October 23, 2021 /⁨EINPresswire.com⁩/ -- The new service is available to all merchants who have an Android payment …

Astaxanthin Market Growth Rate at a CAGR of around 6% during 2021-2026

IMARC Group expects the astaxanthin market to grow at a CAGR of around 6% during 2021-2026. SHERIDAN, WYOMING, UNITED STATES, October 23, 2021 /⁨EINPresswire.com⁩/ -- According to IMARC Group latest report titled” Astaxanthin Market: Global …

EveryPlate Issues Recall Notice for Products containing Onions due to Possible Health Risk

COMPANY ANNOUNCEMENT When a company announces a recall, market withdrawal, or safety alert, the FDA posts the company's announcement as a public service. FDA does not endorse either the product or the company. Read Announcement Summary Company …

Onion Recall Notice

COMPANY ANNOUNCEMENT When a company announces a recall, market withdrawal, or safety alert, the FDA posts the company's announcement as a public service. FDA does not endorse either the product or the company. Read Announcement View Product Photos …

Korea Incheon's Leading Brewery Certifies Vegan with BeVeg

Incheon Beer, Incheon's leading brewery, is the first Vegan Certified Beer in Korea. INCHEON, KOREA, October 22, 2021 /⁨EINPresswire.com⁩/ -- Incheon Beer, Incheon's leading brewery, is the first Vegan Certified Beer in Korea. The first …

Data-Tech Hosts Networking Fundraiser in Benefit of MacDonald Training Center

Tampa Bay MSP, Data-Tech, hosted a networking fundraiser benefiting MacDonald Training Center, a non-profit organization. TAMPA, FLORIDA, UNITED STATES, October 22, 2021 /⁨EINPresswire.com⁩/ -- Data-Tech hosted a networking fundraiser on Thursday, …

Wine By Joe/Dobbes Family Estate Appoints Pacific Highway Wines for National Growth

Premium Oregon Winery Sees a Bright Future with Growth and Partnership at its 20th Anniversary Year DUNDEE, OR, USA, October 22, 2021 /⁨EINPresswire.com⁩/ -- Leading Oregon winery, Wine By Joe/Dobbes Family Estate announces its sales and …

Cultured Meat Market Size, Share, Trend, Segmentation, Analysis Industry And Forecast To 2032

High environmental burden due to livestock farming, advancements in cellular technologies, and steady research funding for alternative meat solutions NEW YORK CITY, NEW YORK, UNITED STATES, October 22, 2021 /⁨EINPresswire.com⁩/ -- According to the …

Functional Ingredients Market Outlook, Industry Size, Share, Growth, Application

Functional Ingredients Market Trends – Increasing demand for probiotics-based food and beverage VANCOUVER, BC, CANADA, October 22, 2021 /⁨EINPresswire.com⁩/ -- A novel report on global Functional Ingredients market is published by Emergen Research …

Food Thickeners Market Includes Growth Rate, Industry Analysis And Forecast By 2028

Food Thickeners Market Trends – Increasing demand for plant-based thickeners VANCOUVER, BC, CANADA, October 22, 2021 /⁨EINPresswire.com⁩/ -- Emergen Research has recently published a new report on the Global Food Thickeners market that offers key …

Food Enzymes Market Recent Industry Trends and Projected Industry Growth by 2028

Food Enzymes Market Trends – Rising disposable Income VANCOUVER, BC, CANADA, October 22, 2021 /⁨EINPresswire.com⁩/ -- A novel report on global Food Enzymes market is published by Emergen Research, offering current developments and emerging trends …

Automotive Human Machine Interface Market to Witness a Pronounce Growth During 2021-2031

Automotive Human-Machine Interface (HMI) Market is growing rapidly due to increasing demand for the safety of vehicles and personalized driving experience ALBANY , NY, US, October 22, 2021 /⁨EINPresswire.com⁩/ -- According to the report, the …

Global Dairy Alternatives Market Trends, Strategies, And Opportunities 2021-2030

The Business Research Company’s Dairy Alternatives Global Market Report 2021: COVID-19 Growth And Change LONDON, GREATER LONDON, UK, October 22, 2021 /⁨EINPresswire.com⁩/ -- According to the new market research report ‘Dairy Alternatives Global …

Almond Flour Market to Generate $1,704.23 Million by 2027 | Growth & Key Business Strategies

Rise in demand for almond flour in developing nations and upsurge in application of blanched almond flour in the cosmetic industry fuel the growth of the market PORTLAND, OR, UNITED STATES, October 22, 2021 /⁨EINPresswire.com⁩/ -- Almond Flour …

Crust Pizza Co. Announces Opening of its Newest Location in Lafayette, Louisiana

The Lafayette location will officially open on October 26th from 4:00-9:00PM LAFAYETTE, LOUISIANA, UNITED STATES, October 22, 2021 /⁨EINPresswire.com⁩/ -- Crust Pizza Co., a popular, family-friendly restaurant chain that’s renowned for its Chicago …

Carbonated Soft Drink Market Expected To Reach $325.2 Billion By 2028, at a CAGR of 4.9% | Reports and Data

Carbonated Soft Drink Market Size – USD 221.8 billion in 2020, Market Growth – at a CAGR of 4.9%, Market Trends NEW YORK CITY, NEW YORK, USA, October 22, 2021 /⁨EINPresswire.com⁩/ -- The global Carbonated Soft Drink Market Size was USD 221.8 …

Ketogenic Diet Market To Reach USD 15.60 Billion By 2028 | Reports and Data

Ketogenic Diet Market Size – 9.59 Billion in 2020, Market Growth – CAGR of 5.8%, Market Trends NEW YORK CITY, NEW YORK, USA, October 22, 2021 /⁨EINPresswire.com⁩/ -- The global Ketogenic Diet Market is expected to be valued at USD 15.60 billion in …

InterContinental Beverage Capital and Auctus Capital Partners Announce Strategic Alliance

NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- InterContinental Beverage Capital, Inc. (“IBC”) announced that it has entered into a strategic alliance agreement with Auctus Capital Partners Inc. (“Auctus”), a Chicago-based investment banking firm. IBC is an …

Keeler Family Farms Recalls Red, White, and Yellow Onions Due to Possible Health Risk

Summary Company Announcement Date: October 22, 2021 FDA Publish Date: October 22, 2021 Product Type: Food & Beverages Reason for Announcement: Recall Reason Description Potential Salmonella Contamination Company Name: Keeler Family Farms Brand Name: …