|Stockmann Oyj Abp|
|Traded as||Nasdaq Helsinki: STCBV|
|Founder||Heinrich Georg Franz Stockmann|
|Brands||Stockmann, Stockmann Herkku, Lindex, One Way|
Number of employees
Stockmann plc is a Finnish retailer established in 1862.
Stockmann's 8 company-owned department stores are in Finland (6), Estonia (1), and Latvia (1). There are an additional 9 Stockmann-branded department stores in Russia owned and operated by Reviva Holdings, with a license to use the Stockmann name until 2023.
The Stockmann, Helsinki centre flagship store covers 50,000 square metres (540,000 sq ft) of retail space and welcomes more than 17 million visitors every year. It is the largest department store in the Nordic countries.
Stockmann owns and manages 5 shopping malls with 142,000 square metres (1,530,000 sq ft) of gross leasable area, of which half is occupied by Stockmann.
Lindex, owned by Stockmann, has 475 stores in 16 countries, including 39 franchised stores.
Stockmann was established by Georg Franz Stockmann, a merchant from Lübeck, Germany who took a job as a bookkeeper at a Nuutajärvi Glassworks store in Helsinki Senate Square. In 1859, Stockmann became the manager of the store. In 1862, Stockmann took control of the store and the Stockmann department store was officially established. In 1902, the company was renamed G.F. Stockmann Aktiebolag. The shareholders were Stockmann and his two sons, Karl and Frans. Stockmann died in 1906. In 1930, the Stockmann, Helsinki centre store was finished, complete with revolving doors, a soda fountain, and escalators. Also in 1930, Stockmann bought a neighbouring book store, Akateeminen kirjakauppa (Swedish: Akademiska bokhandeln, lit. 'Academic Bookstore'). The first television transmission in Finland was broadcast from the department store in 1950.
In the 1950s, Stockmann opened a department store in Tampere. Stockmann opened department stores in Tapiola in 1981 and Turku in 1982. In 1986, the first "Hullut Päivät" (lit. 'crazy days') sales were held. The sales proved extremely popular and became a biannual event. The first Stockmann stores outside of Finland opened in Moscow in 1989, and in Tallinn in 1993. The northernmost department store, in Oulu, opened in 2001 and closed in 2017.
Stockmann sold Seppälä on 1 April 2015 to Seppälä's CEO Eveliina Melentjeff and her husband Timo Melentjeff.
In September 2015, Stockmann sold the Akateeminen kirjakauppa bookstore to Bonnier Books AB media.
On January 1, 2017, Stockmann sold Hobby Hall to SGN Group.
In May 2018, the company sold Kirjatalo, the building opposite their flagship store in Helsinki which houses the Academic Bookstore, for €108 million.
In June 2019, the company announced 150 layoffs.
- Helsinki City Center, Stockmann's oldest and largest flagship store
- Itis shopping centre, Helsinki
- Jumbo shopping centre, Vantaa
- Ainoa shopping centre, Espoo
- Turku, in Hansa kortteli
Estonia and Latvia
Russia (under license)
- "Yksi aikakausi päättyi, kun Stockmann sulki ovensa Oulussa". TV Finland (in Finnish). January 31, 2017.
- Mukherjee, Malobi; Cuthbertson, Richard; Howard, Elizabeth (September 25, 2014). Retailing in Emerging Markets: A policy and strategy perspective. Routledge.
- "STOCKMANN RECEIVED 96.4 PER CENT OF THE SHARES IN LINDEX AND COMPLETES ITS PUBLIC TENDER OFFER" (Press release). Stockmann. 3 December 2007.
- "Seppälä on brink of bankruptcy, 270 jobs at risk". Helsinki Times. 22 August 2017.
- "Stockmann has completed the Academic Bookstore transaction" (Press release). Stockmann. September 30, 2015.
- "Stockmann has sold the Nevsky Centre property in St. Petersburg" (Press release). Stockmann. January 24, 2019.
- "Stockmann lähtee lopullisesti Venäjältä – myy Pietarin kiinteistön pois". TV Finland (in Finnish). January 24, 2019.
- "Stockmann Has Sold The Nevsky Centre Property In St. Petersburg". Reuters. January 24, 2019.
- "Stockmann has completed the divestment of Hobby Hall" (Press release). Stockmann. January 2, 2017.
- "Competition authority OKs sale of Stockmann's upscale delicatessen stores". TV Finland. December 15, 2017.
- "Stockmann myy Herkun S-ryhmälle 27 miljoonalla". TV Finland (in Finnish). June 30, 2017.
- "Stockmann myy Kirjatalo-kiinteistönsä Helsingin keskustasta". TV Finland (in Finnish). May 9, 2018.
- "Stockmannin toimitusjohtaja vaihtuu". TV Finland (in Finnish). March 22, 2019.
- Virki, Tarmo (March 22, 2019). "CEO of Finnish retailer Stockmann to leave at end of March". Reuters.
- "Stockmann Completes Codetermination Negotiations, Terminates Around 150 Positions". Reuters. June 13, 2019.