Stockmann department store in Helsinki. Credit: Sektori/commons.wikipedia.org.

Finland-based retailer Stockmann is exploring strategic alternatives for its department stores business and considering a name change to Lindex.

In late September 2023, the firm’s board of directors decided to commence a strategic assessment to increase shareholder value.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The proposed name change would better reflect the Lindex division’s role in the business. It will not impact the branding or daily business of the department stores.

Lindex reported a total revenue of €661m ($701.89m) in 2022, which accounted for more than two-thirds of Stockmann’s revenues.

It also delivered an operating profit of €90m, making Lindex the main profit contributor within Stockmann.

See Also:

The company is considering options including splitting Stockmann’s department stores into separate businesses within the group, or divesting them.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company could also continue to operate the business under the current structure.

Stockmann board of directors chair Sari Pohjonen stated: “Lindex has had a fundamental role in improving the performance of the Group over the years. The launch of the strategic assessment of considering a name change and evaluating strategic alternatives for the department store business is a natural next step in our strategy and reflects Lindex’s growing importance within the group.

“The strategic assessment will not impact the Stockmann department store’s iconic brand or daily business.”

Stockmann expects the strategic assessment to be completed in 2024.

The company confirmed that it “will provide an update on the strategic assessment if, and when, appropriate”.