Kesko news

26 March 2019
We recently visited Helsinki on a research trip and were invited by the country’s three leading retailers; S Group, Kesko and Lidl to see some of their latest concepts and thinking in-store. We bring you the highlights here. 1. S Group's hotly anticipated flagship Herkku Food Market store Address: Stockmann Department Store (Basement), Aleksanterinkatu 52, 00100 Helsinki, Finland Mar...
06 February 2019
Kesko has reported its 2018 results, with group net sales increasing by 3.5% in comparable terms to €10.4bn. Comparable operating profit increased by 3.2% to €332.2m. Grocery trade comparable net sales: +5.1% to €5.4bn Kesko’s grocery business, which accounts for 52% of Kesko’s total sales, saw comparable net sales increase by 5.1% to €5.4bn. The grocery trade accounts for over 68% of Kesko...
01 October 2018
S Group helps smaller businesses by launching Finland’s ‘Finnish Success Critics’ competition, while Kesko partners with ResQ Club to reduce food waste. S Group supports small and medium local businesses S Group has opened the ‘Finnish Success Critics’ competition, which has organised in conjunction with Foodwest. The competition gives smaller businesses the chance to ultimately be listed b...
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...
20 February 2018
We highlight four new and innovative store concepts in Stockholm, Oslo, Copenhagen and Helsinki. This includes new market entries, manufacturer-led concepts and brand new formats. Eataly launches in Stockholm… Italian-focused food concept Eataly has opened in at a former cinema in central Stockholm. The site, which is 3,000 sq. m in size consists of a food hall, restaurants, a café, bars ...
01 February 2018
Kesko has reported its 2017 results, with group net sales increasing by 1.8% in comparable terms to €10.7bn. Comparable operating profit increased by 2.8% to €296.7m. Grocery trade: +2.4% to €5.3bn Kesko’s grocery business, which accounts for 49% of Kesko’s total sales, saw 2017 comparable net sales increase by 2.4% to €5.3bn. The grocery trade accounts for over 68% of Kesko’s total operati...
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...
28 July 2017
Finland’s Kesko has released its 2017 first half results, reporting that group net sales increased by 17% to €5.4bn in local currencies. Excluding acquisitions and divestments, sales increased by 1.2%, while comparable operating profit rose by 1.6% to €113.2m. Grocery sales +5.0% In the grocery division, which represents 47% of the Kesko business, sales increased by 5.0% to €2.6bn, driven b...
05 July 2017
Having received approval from Finland’s Competition and Consumer Authority to set up a joint venture, Kesko and Oriola have provided more details on their new health, beauty and wellbeing format. 15 stores by the end of 2017, 100 stores and online in the future The concept is due to launch in autumn 2017, with around 15 stores anticipated to launch by the end of the year. The next phase of ...