Kesko news

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...
22 July 2014
Finnish retailer Kesko has released its half year results for the six months ending June 30th 2014, reporting a 1.8% drop in net sales to €4.5bn. Results impacted by economy, consumer demand and exchange rate changes The retailer cited the decline in performance to the ‘general economic situation and consumer demand in Finland and exchange rate changes’ . International sales grew whil...
28 May 2014
Kesko, Finland’s second largest grocery retailer, has appointed Mikko Helander as its new chief executive, effective 1 January 2015. Helander to be first outsider to be appointed CEO Helander will be joining from the Metsä Board Corporation, where he is presently CEO and has been a member of the executive management team since 2006. Commenting on the appointment, Kesko’s board chair, Esa Kiis...
24 April 2014
Kesko, Finland’s second largest grocery retailer has released its results for the first quarter of 2014 reporting that total sales declined by 1.4% to €2.1bn, while food sales declined by 3.7% to €1bn. The late Easter affected sales and the retailer performed behind the market The retailer partly attributed declining food sales to ‘the fact that Easter fell in April’ , while acknowledging tha...
04 February 2014
Kesko, Finland’s second largest grocery retailer, has released its 2013 annual results with net sales down 3.8% to €9.3bn, although net sales grew by 1.9% in the food trade to €4.4bn. Food trade growing behind the market Despite growth of 1.8% in the food trade, Kesko acknowledged that food sales are growing behind the market. Other areas of the business struggling Elsewhere in the organ...
29 November 2013
Kesko, Finland’s second largest grocery retailer has launced an online shopping service in Helsinki and Vantaa. Launch follows successful trials K-Market Ruoholahti in Helsinki has trialled online grocery retailing, while other Kesko stores have offered collection and delivery services. In April 2013, Kespro launched a home delivery service in Helsinki, operating 250 deliveries daily. Cus...