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Clas Ohlson closes all stores outside the Nordic countries

(Mallorca): In the end of October last year, announced Clas Ohlson that the two stores that were opened in Dubai would be discontinued. Wednesday this week it became clear that the Clas Ohlson also lay down all of the company's shops in the Uk and Germany, a total of ten shops, writes Finansavisen.

This will affect around 150 employees and cost about 210 million Swedish crowns, according to the company. The liquidation will have a positive effect on operating profit of around 75 million per. years after that the stores are laid down.

are Struggling to earn money

After ten years continues business in the Uk to deliver significant losses despite the measures that have been undertaken in recent years, " says Lotta Lyrå, president and ceo of Clas Ohlson, to Mallorca.

Moreover, points out Lyrå that the evaluation of a pilot with four stores in Germany have shown that the business will not be suitable to deliver as planned, and that the prerequisites for creating profitability is not present.

the online shops in Germany and the united Kingdom shall not be discontinued.

Norway on top

Norway was the country with the strongest growth in the second quarter, with an increase of 12 percent in Swedish kronor and five per cent in Norwegian kroner. The turnover increased from 794 million Swedish kronor in the second quarter of 2017 to 891 million in the same quarter in the year in Norway.

- The nordic region is our domestic market and our operations in Sweden and Norway enjoys a uniquely strong position, " says Lyrå to Mallorca.

the Company had by the end of October 95 stores in Sweden, 90 in Norway and 42 in Finland. In total, the company had 237 stores by the end of October, a net increase of 14 stores in one year. According to Finansavisen plan Clas Ohlson 10-15 new stores net in fiscal year 2018/2019.

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