Stockmann Swot Analysis

1880 Words8 Pages

2.3.1.1. History about Stockmann: It was February 1st, 1862, when Georg Franz Heinrich Stockmann founded Stockmann in Helsinki, Finland. Starting out as a small shop near the Helsinki market square, Stockmann had a diversity of goods even for its size at that time. In the 1880’s, Stockmann procured a larger building near the Senate Square, which today is known as the Kiseleff House, this is where he opened his “continental department store”. In 1897, another store was opened in the Kallio district of Helsinki, and in 1919, a carpentry shop, Keravan Puusepäntehdas became a subsidiary of Stockmann. (Stockmanngroup, 2017) Between 1911 - 1922, Stockmann started to obtain different shops of that city block to where the current location of the Stockmann …show more content…

In 1991, Wal-Mart went international by opening two stores in Mexico City and then in 1992 they opened a store in Puerto Rico. By 1994, Wal-Mart was open to consumers in Canada as well as value clubs in Hong Kong. No later than 1995, “Wal-Mart had 1,995 Wal-Mart stores, 239 Supercenters, 433 SAM’S CLUBS and 276 international stores” (Walmartfacts.com, 2006), also this year marked Wal-Mart entering all 50 states. Wal-Mart entered several international markets which included: Argentina, Brazil, Germany, and the UK. There were two joint venture agreements made between China, Korea, and Wal-Mart. (Walmartfacts.com, 2006) In the mid-2000’s “Wal-Mart Stores, Inc. closed out the year with $312.4 billion in sales, while expanding to more than 6,200 facilities around the world, including 3,800 stores in the United States, along with 3,800 international units. Around the globe, we now have a strong presence in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea, and the United Kingdom.” (Walmartfacts.com,

More about Stockmann Swot Analysis

Open Document