S Group news

16 July 2018
Finland-based S Group said net sales in H1 2018 rose 2.7% to €5.61 bn. The cooperative said that the pace of sales growth had been driven by its supermarkets and traffic and food shop divisions. S Group said its ecommerce channel had grown sales strongly S Group gaining market share As part of the results announcement S Group said it had enjoyed growth ahead of the wider grocery market. Gro...
19 January 2018
Finnish market leader S Group has released its 2017 results, reporting that total retail sales excluding tax increased by 2.3% to €11.3bn. Supermarkets: +1.7%, service stations and fuel: +5.8% The retailer’s supermarket business, which includes operations in Finland, the Baltics and Russia saw comparative sales increase by 1.5% to €7.9bn. Elsewhere, service station stores and fuel sales inc...
02 January 2018
The Finnish government has relaxed rules concerning the sale of alcohol in grocery stores under the Alcohol Act. As a result, alcohol with a maximum strength of 5.5% can now be sold in grocery stores, kiosks and service stations. As part of the changes, microbreweries can now apply for retail trade licenses. S Group: ‘the real golden age of domestic small-scale breweries will begin now’ C...
18 December 2017
We round up the latest developments from Finland where S Group has gained approval to acquire Stockmann's Finnish grocery business. Elsewhere, Kesko has opened 'the most modern transport station in Finland' . S Group gets approval to acquire Stockmann’s grocery business… Finnish competition authorities have approved S Group’s acquisition of Stockmann’s Finnish grocery business. A condition...
04 December 2017
We round up the latest developments from the leading Finnish grocery retailers at home and abroad. In Finland, this includes Kesko's changes at the top and S Group's checkout livestream. Meanwhile, S Group is set to expand in Russia and Estonia, while Kesko is partnering with Lenta to export Kesko private label products in Russia. Finland: Kesko makes changes at the top Jorma Rauhala , Pre...
20 July 2017
Finnish market leader S Group has reported its results for the first half of 2017, highlighting that sales excluding tax increased by 2.4% to €5.5bn. The retailer’s grocery sales in Finland increased by 1.6% to €3.4bn, driven by continued price cuts, particularly in Finnish produce. Commenting on the results, CEO Taavi Heikkilä said, ‘Our grocery sales continued to outperform the general mark...
30 June 2017
S Group is to acquire competitor Stockmann’s Delicatessen business for €27m, transferring the ownership of stores in Finland to S Group’s regional co-operatives. This is pending approval from local competition authorities, with a decision expected by the end of 2017. Stockmann will retain ownership of the Delicatessen business in the Baltics. Ownership transfers to S Group cooperatives This...
30 May 2017
Finnish market leader S Group and Tesco have announced a product partnership, which will see Tesco private label products stocked in S Group’s stores in and around Helsinki. Focus on Tesco finest* and Free From ranges The range includes around 200 products, with a focus on Tesco finest* and Free From ranges. Commenting on the development, Ilkka Alarotu, SVP, SOK Retail Business said, ‘A...
16 May 2017
ICA has released a new report, 100 years ahead, following a survey and interviews with children born in the decade following the year 2000, highlighting their attitudes and approach to food in the future. 2040 food priorities: environment & health On the view of food in 2040, key findings were 'that it is environmentally friendly (54%), healthy (52%) and good (46%). Other highlights include...
03 May 2017
S Group has announced it is to close its Prisma stores in Latvia and Lithuania in June. The retailer currently operates three stores in Latvia and four in Lithuania. Profitability a key factor Commenting on the development, Executive Vice President Jorma Vehvilainen said, ‘At the beginning of this year, SOK began to revise its international business strategy, and came to the conclusion...