Contract signed for a new store in Stord, Norway

Clas Ohlson has signed a contract regarding a new store in Heiane Shopping Centre, Stord, Norway. The retail space will amount to a total of 1,000 square metres. The store’s catchment area comprises approximately 15,000 residents and the store is scheduled to open in spring/summer 2013.

Future store establishments that have been contracted to date are: Ljungheden Shopping area, Västervik, Sweden in December 2012; Vestby Arena, Vestby, Norway in March 2013; Hansa Shopping Centre, Kalmar, Sweden in March 2013; Pasaati Shopping Centre, Kotka, Finland in spring 2013; Sogndal, Norway in spring 2013; Spar Centre Shopping area in Mariehamn, Åland, Finland in spring 2013; Heiane Shopping Centre in Stord, Norway in spring/summer 2013; Vimpeln Shopping Centre in Alingsås, Sweden in September 2013; Norra Backa Shopping area, Borlänge, Sweden in October 2013; Mobilia Shopping Centre, Malmö, Sweden in October 2013; Orkdal, Norway in November 2013; Mandal, Norway in winter 2014 and Kungens Kurva in Huddinge, Stockholm, Sweden in March 2014.

During the 2012/13 financial year Clas Ohlson aim to establish 15-20 new stores. With currently 171 stores and 13 contracted stores, Clas Ohlson will have a total of 184 stores, of which 77 in Sweden, 66 in Norway, 29 in Finland and 12 in the UK.

For further information, please contact:

Geir Hoff, Country Manager Norway, Phone: +47 23 21 40 22.

John Womack, Director of Information and Investor Relations, Phone: +46 (0)247-444 05.

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, Leeds, Birmingham, Cardiff, Doncaster, Norwich and Newcastle.

Tags: