Kesko news

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...
10 February 2015
Kesko, Finland’s second largest grocery retailer, has reported a 2.6% decline in total sales to €9,071m. Its food business performed slightly better, reporting a 1.6% decline in net sales to €4,316m. Russia performs despite headwinds In Russia, food net sales increased by 46.7% to €103m despite, ‘the slowdown of the economy and the weakening of the rouble’ . Kesko currently has three new Russ...
27 January 2015
Finnish grocery retailer Kesko has appointed Anni Ronkainen as its Chief Digital Officer. Ronkainen joins from Google Anni Ronkainen joins Kesko from Google, where she has been Country Manager for Finland since 2009. Prior to working for Google, Ronkainen was CEO of advertising agency, McCann Helsinki and Business Development Director at Satama Finland Oy. Ronkainen to join Kesko’s Group ...
19 January 2015
Finnish market leader S Group has announced that it is lowering the prices of the most popular food products in its Prisma hypermarkets from today, in response to customer feedback. The move follows that of rival Kesko, which reportedly reduced prices in November last year. CEO: ‘We will do our utmost to become the most affordable grocery store in Finland’ Commenting on the developmen...
17 December 2014
Anticipating massive price increases of imported goods, shoppers in Russia have been spending their savings in the last couple weeks, trying to invest their savings into valuable products. IKEA and M.video stores are very busy while Apple closed its online shop yesterday, for the second time since October, in order to change its pricing. All car dealers in Moscow have run out of cars, while luxur...
11 August 2014
Finland’s largest grocery retailer, S Group has revealed that the ban on food imports from the European Union will likely affect the retailer’s performance in Russia. Over 25% of range imported from EU The retailer currently operates 17 Russian supermarkets and hypermarkets and it is thought that over 25% of the range stocked in its Russian stores is imported from Finland and other EU m...