News | New strategy

Back

Clas Ohlson leaves Great Britain and Germany

Clas Ohlson will close its four stores in Hamburg, Germany, (photo) and its remaining six locations in the UK.

Clas Ohlson will close its four stores in Hamburg, Germany, (photo) and its remaining six locations in the UK.

Clas Ohlson is withdrawing from Great Britain and Germany. The Swedish retailer is currently operating six stores in Great Britain, where it has been present for ten years and four in Germany, where it opened its first pilot store in 2016. However it will remain active in these countries with its online shops and also wants to expand its online business to other markets later.

The withdrawal is in connection with the board's decision on a completely new direction for Clas Ohlson's market presence, according to the half-year report. The company sees the Nordic region as its home market, in particular the operations in Sweden (95 stores) and Norway (90 stores) which reportedly enjoy a uniquely strong position; there are also 42 Clas Ohlson stores in Finland.

This was said about the exit in the UK and Germany: 'After ten years, the business in the UK is continuing to incur significant losses despite measures in recent years to optimise the store network. The evaluation of the pilot of four stores in Germany has revealed that the operations will be unable to deliver on plan and therefore the right conditions are not in place to achieve profitability.' Around 150 employees are affected.

| 6 December 2018


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

The Dutch and Brits like DIY the least of all

The trend from do-it-yourself to do-it-for-me is once again confirmed by the European Home Improvement Monitor. The shifts are certainly slow still: View news...

German DIY retail association needs new chairperson

The German DIY retail association BHB will have to look for a new chairperson. Ralf Bartsch, who has only been speaker of the BHB executive board for View news...

Holiday shopping trends also in the home improvement sector

For American online shoppers, 3 December is the best day to get tools and home improvement products at a discounted price. Because on so-called View news...

“Expansion in growth markets attractive for trade”

"The faltering economy in home markets makes it attractive for the retail trade to invest in global growth markets." This is how Mirko View news...