Contract signed for new store in Birmingham, UK
6/17/2010 3:00 AM EST
Clas Ohlson has entered into an Agreement for Lease pertaining to a new store in Merry Hill Shoppingcentre, Brierley Hill/Birmingham, UK. The retail space will amount to a total of 1 200 square metres. The store’s shopper population are more than 270 000 and the store is scheduled to open in November/December 2010.
Future store establishments that have been contracted to date are: Bryn Senter, Oslo, Norway, in August 2010; Bromma, Stockholm, Sweden, in September 2010; Liljeholmen, Stockholm, Sweden and Lambertseter, Oslo, Norway, in October 2010; Drottninggatan, Stockholm, Sweden and Kiruna, Sweden in October/November 2010; Jönköping, Sweden and Lillehammer, Norway, in November 2010; Brierley Hill/Birmingham, UK in November/December 2010; Gränby, Uppsala, Sweden, in autumn 2011; Erikslund, Västerås, Sweden in September 2011; Bodø and Elverum, Norway, in November 2011; Norrtälje, Sweden, in spring 2012 and Emporia, Malmö, Sweden, during the 2011/2012 financial year.
Clas Ohlson plans to 17-22 new stores during the 2010/2011 financial year, of which 6-10 in the UK. With currently 121 stores and 15 contracted stores, Clas Ohlson will have a total of 136 stores, of which 65 in Sweden, 47 in Norway, 16 in Finland and eight in the UK.
For further information, please contact:
Bo Heyman, Director of Establishment, Mobile +46 (0)70-597 44 90
John Womack, Director of Information and Investor Relations; Mobile +46 (0)70 678 24 99
Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool and Leeds.