Home / Knowledge / News / Apparel/Garments / Stockmann to open distribution centre at Finland in 2016
Stockmann to open distribution centre at Finland in 2016
03
Feb '14
Stockmann has signed an agreement with SRV on the construction of a new distribution centre. The distribution centre, which will be completed in 2016, will be located in Jussla in Tuusula, Finland. The centre will be financed and leased by Ilmarinen. 
 
The new distribution centre will serve Stockmann’s nine Finnish and Baltic department stores more efficiently than before, and enable strong growth for the Stockmann online store in Finland and its expansion to the Baltic countries. In addition to operational improvements, Stockmann is targeting an annual cost saving of approximately EUR 6.5 million, primarily in the form of reduced personnel, transportation and real estate expenses. Savings are expected to be achieved in full from 2018 onwards.
 
To achieve highly-automated operations as planned, Stockmann will make a significant investment in automation technology. The amount of capital expenditure will be confirmed once a decision on the automation technology provider is made. 
 
The current warehouse operations of the Finnish department stores and online store in Pitäjänmäki, Tammisto, Vantaanrasti, Pakkala and Viinikkala will be transferred in stages during 2016 to the new distribution centre and the Baltic warehouse operations in Riga will be transferred in 2017. Hobby Hall logistics in Viinikkala and Tammisto will, for the time being, remain as before.
 
The centralised distribution centre is expected to require considerably fewer employees than at present. The changes may lead to a reduction of a maximum of 200 man-years (FTE) at the warehouses in Finland and a maximum of 50 man-years (FTE) at the warehouse in Latvia. Consequently, Stockmann will start co-determination negotiations covering approximately 430 employees in the warehouses in Finland. 
 
Stockmann estimates that a significant number of the personnel cuts will occur through retirements and through the employee turnover that is typical for the sector. Potential personnel redundancies will not take place before the second half of 2015.
 
Energy efficiency, waste management and other environmental perspectives will be taken into account in various ways in the construction and operations of the distribution centre. The aim is for the project to qualify for LEED Silver environmental certification. By centralising the warehouses in one place, delivery journeys in the Helsinki metropolitan area will be significantly reduced.
 

Stockmann

Must ReadView All

Courtesy: conservativehome.com

Textiles | On 24th Jun 2016

Britain set to leave EU; India prepared for consequences

Britain is set to be the first country to leave the EU since its...

Apparel/Garments | On 24th Jun 2016

TEA appeals to PM to forge FTA with Britain

On the heels of Britain voting to exit the European Union, the...

Textiles | On 24th Jun 2016

Now, govt tries to link textiles sector with tourism

The government has said concrete steps are being taken to set up...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Milind Khandwe
Hindoostan Innovation Centre

Which areas of innovation is the Hindustan Innovation Centre (HIC) focused ...

Smita Murarka
Amanté

Trend for lingerie

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search