Kesko news

19 January 2016
In the latest round of price activity in Finland, Kesko has revealed that it is reducing the prices of 2,000 products, due to falling raw material prices and decreasing costs. Kesko: ‘price is not the only deciding factor of a food store’ Commenting on the development, Jorma Rauhala, Senior Vice President for Kesko’s grocery trade said, ‘We ought to remember that price is not the only...
16 December 2015
Finnish market leader S Group is to extend the opening hours of 500 stores, following a decision in the Finnish government to relax trading legislation. Change to affect largest and smallest stores The change will affect stores of varying size across the retailer’s portfolio, including hypermarkets, supermarkets and convenience stores. S Group: move gives power to the customer Comme...
18 November 2015
Kesko, Finland’s second largest grocery retailer, is set to acquire competitor Suomen Lähikauppa, which operates 643 stores in Finland and had sales in 2014 of €999.2m. The acquisition is still subject to approval from the Finnish Competition and Consumer Authority. The transaction is structured as a share purchase for approximately €60m and is expected to be completed in the first half of 2...
05 November 2015
Finnish retailer Kesko has opened a new grocery test store today, K-Myllypuro, where it ‘experiments with various food store concepts’ . Retail trends and customer insight at the heart According to Jorma Rauhala, Senior Vice President for Kesko’s grocery trade, the concept has been developed considering ‘international and domestic retailing trends’ , as well as insight on its customers...
07 October 2015
Finland's market leader S Group is launching new click & collect lockers tomorrow, while earlier this week competitor Kesko launched a new smart mobile app. S Group to launch click & collect lockers in Helsinki car park S Group is partnering with Europark Finland to launch grocery click & collect at a parking garage in Helsinki. Thousands of products will be available to purchase throu...
22 July 2015
Finnish retailer Kesko has released its first half results for 2015, revealing that total net sales decreased by 4.2% to €4.31bn, although overall profitability improved significantly. Grocery performance also negative The retailer’s grocery performance was better than its total business, although sales still declined by 2.2% to €2.25bn and grocery profitability was also impacted. Mo...
08 July 2015
A drop in purchasing power, increased regulation in the retail market and ongoing investment by foreign grocers – these are the key developments which we spotted during our recent trip to Russia. Banned imported products swiftly replaced Russia has officially extended an existing ban on the import of fruit and vegetables from Europe for one more year. As bad as the ban sounds, it will not b...
16 June 2015
Following recent visits to key markets in northern Europe, Senior Retail  Analyst Harriet Cohen considers four trends shaping grocery retail across the region. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international research team. Harriet is responsible for shaping IGD's research into  Sca...
27 May 2015
Kesko, Finland’s second largest grocery retailer has unveiled a new strategy, targeting ‘profitable growth’ in grocery. Primary ambition is to address market share Kesko’s primary ambition is to turn 'market share around in Finland in 2015' . €1bn investment in supermarkets and convenience stores As part of its plan to address market share challenges, Kesko is to invest €1bn in ...
22 April 2015
Finnish grocery retailer Kesko is to partner with Starbucks, which opened its first Finnish store at Helsinki airport in 2012. First store to open in Espoo The first store is due to open in Espoo’s K-citymarket Sello later this year, with other locations in the pipeline. Kesko: ‘We aim to offer K-store customers a new kind of experience’ Commenting on the development, Jorma Rauhala, Se...