Clas Ohlson: Contract Signed for a New Store in Barkarby, Stockholm, Sweden

INSJÖN, Sweden--()--Regulatory News:

Clas Ohlson (STO:CLASB) has signed a contract regarding a new store at Barkarby Gate, Stockholm, Sweden. The retail space will amount to a total of 1.590 square metres. The store’s catchment area comprises approximately 400,000 residents and the store is scheduled to open in October 2014.

Future store establishments that have been contracted to date are: Vestby Arena, Vestby, Norway in March 2013; Hansa Shopping Centre, Kalmar, Sweden in March 2013; Pasaati Shopping Centre, Kotka, Finland in May 2013; Spar Centre Shopping area in Mariehamn, Åland, Finland in May 2013; Sogndal, Norway in spring 2013; Heiane Shopping Centre in Stord, Norway in spring 2013; Vimpeln Shopping Centre in Alingsås, Sweden in October 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 spring 2014; Barkarby Gate, Stockholm, Sweden in October 2014.

During the 2012/13 financial year Clas Ohlson aim to establish 15-20 new stores. With currently 172 stores and 13 contracted stores, Clas Ohlson will have a total of 185 stores, of which 78 in Sweden, 66 in Norway, 29 in Finland and 12 in the UK.

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.

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Contacts

Clas Ohlson:
Bo Heyman
Director of Retail expansion
+46 (0)70-597 44 90
or
John Womack
Director Information & IR
+46 (0)70-678 24 99.

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Contacts

Clas Ohlson:
Bo Heyman
Director of Retail expansion
+46 (0)70-597 44 90
or
John Womack
Director Information & IR
+46 (0)70-678 24 99.