Positive retail developments in Finland

Finland’s retail trade sales grew by 4.9% in November and the turn of the year has also seen some new investments in the sector.

Retail trade sales in Finland increased by 4.9% in November 2012 compared to November 2011, according to Statistics Finland’s retail trade flash estimate. The volume of retail trade sales also increased by 1.7% year-on-year. The retail trade flash estimate is based on a sample covering about 50% of retail trade turnover in Finland.

Osuuskauppa Arina, part of the S-Group, is investing almost EUR 4 million on new Sale neighbourhood shops in Oulu, northern Finland, and is also hiring about 20 new staff. HOK-Elanto cooperative, also part of the S-Group, is building a new 3500 square metre S-market in Espoo’s Nihtisilta in southern Finland. The store is expected to be completed in February 2014. HOK-Elanto has an annual turnover of 1.8 billion euro, and it employs more than 6,000 people.

Valttori opens PMC Polarteknik Dealer store

In the specialty retail sector, Valttori Oy, maintenance and spare parts provider for heavy machines, is opening a PMC Polarteknik Dealer store in Vantaa, southern Finland, in early 2013. PMC Polarteknik specializes in hydraulics and pneumatics systems and components. Valttori’s CEO Pentti Luoma expects the expansion to increase the company’s turnover by EUR 1.5 million.

According to Pekka Koskinen, sales manager for PMC Polarteknik, the dealership cooperation model provides a good way of ensuring the quality of the company’s customer service also in the future. “This is why we are developing our local service capacity and presence. The dealership cooperation offers our customers in the capital city region top quality products, strong product and installation know-how and the best technical support in the sector,” says Koskinen in an article published by Keskisuomalainen.

Sources: Statistics Finland, Kaleva, Pieksämäen Lehti, Keskisuomalainen