News | Quarterly report


Clas Ohlson restructures its store network

"We will change both the number of stores and their orientation at a faster pace,” Lotta Lyrå says.

"We will change both the number of stores and their orientation at a faster pace,” Lotta Lyrå says.

In September, Clas Ohlson will open another Compact Store in the Fältöversten shopping centre in central Stockholm. The company announced this move in its latest quarterly report. In addition to a broad range of products, the store will offer various services such as advice, tool hire and Clas Fix it. The Swedish retailer introduced the compact format in 2016.

Clas Ohlson is currently in the process of restructuring its store network and putting this to the test. "Due to changing consumption patterns, we will change both the number of stores and their orientation at a faster pace," said Lotta Lyrå, president and CEO. The decision has been taken to close four stores in Finland and one in Sweden, while the four stores in Germany have also been closed. There are currently three stores still operating in Great Britain.

In the first quarter (May to June) of fiscal 2019/2020, Clas Ohlson's sales increased overall by 4 per cent to SEK 2.044 bn (EUR 191 mio). Sales in comparable units also rose by 4 per cent, while online sales increased by 20 per cent to SEK 112 mio (EUR 10 mio).

|11 September 2019 | 09:56


Post a comment

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

(will not be published)

* obligatory fields

Latest news

Depo DIY also expands in Estonia

The Latvian chain Depo DIY is now also expanding in Estonia. It is currently completing a location there in Tallinn. The online message service View news...

CIHS cancelled for 2020 and moved to October again for 2021

The China International Hardware Show (CIHS) in Shanghai has been cancelled for 2020 and returns to its October date in 2021. This has been announced View news...

Hubo boss Erwin Van Osta is now chairman of Comeos

Erwin Van Osta, owner and CEO of the Belgian DIY store chain Hubo, is new chairman of the Belgian retail federation Comeos for the period of 2020 to View news...

8th Global DIY Summit in June 2021 in Copenhagen

The 8th Global DIY Summit won't take place until next year, namely from 9 to 11 June 2021 in the Danish capital of Copenhagen. With the postponement View news...

DIY International | Service

DIY International Corona special

The Coronavirus crisis and the DIY industry

All news, reports and information from the DIY International editorial team in connection with the corona epidemic at a glance. The pages are constantly updated. As the situation changes very quickly, please note the date and time of the respective publication.

CORONA special

Actual figures

Statistics Home Improvement Europe

Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!