Product Code Database
Kesko Corporation (, ) is a Finland conglomerate with its head office in Kalasatama, Helsinki." Contacts/Kesko Corporation." Kesko. Retrieved on 11 July 2021. "Työpajankatu 12" It is engaged in the grocery trade, construction and technical trade, and automobile trade. It also has operations in Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, and Poland.
The new Kesko company started operating at the beginning of 1941. The need to purchase goods for the shareholder-retailers and to support their business operations and start cooperation among them resulted in the forming of the K-retailer group.
By the end of the 1940s, Kesko's sales amounted to about 15 billion old (equivalent to EUR 580 million in 2010), which was about 12% of the overall sales of the central companies operating in the Finnish trading sector.
The division's grocery are K-Market, K-Supermarket and K-Citymarket. In 2021, the chains comprised 1,200 grocery stores, run by some 1,000 independent K-retailers. Over 500 of the stores also offered online grocery sales services. Kesko Annual Report 2021 kesko.fi Approximately 50% of Finns live less than a kilometre away from a K-food store.
Formerly Kesko called these four size-grades of their shops K (small), KK (middle-sized), KKK (large), and KKKK (largest), and the chain names were K Extra, K Lähikauppa (= "local shop"), KK Market, KKK Supermarket and KKKK Citymarket; but this naming system has been changed.
Kesko's grocery include Pirkka, Pirkka Parhaat and K-menu.
The main competitors are Prisma, S-market and Alepa/Sale of S Group, M chain stores, and Lidl.
Kesko company Kespro is the leading in the Finnish Horeca business.
Kesko also used to have small convenience stores, cafes and restaurants which operated at staffed filling station of Neste oil corporation. These service station facilities were branded as Neste K. The convenience stores were virtually always found in Neste K station, while whether the station has a cafe or restaurant depended on the size and location of the station. Cafes were branded as Koon Kahvila and restaurants as Koon Keittiö. Kesko discontinued the Neste K stores in 2024 and they are currently operated solely by Neste.
K-citymarket's home and speciality goods trade is part of the grocery trade division.
The division's main functions include the centralised development of chain selections, centralised purchasing and logistics, and the development of chain concepts and the store network.
K-Rauta and Intersport stores in Finland are operated by retailer entrepreneurs. The international business model combines the category management, purchasing, logistics, information system control and network improvements of the company's chains which operate in different countries.
K-Auto represents the leading in their market area and are responsible for the sales and after-sales services of these brands either through their own or franchising. The dealer network is complemented by a network of contract service centres.
The division also comprises leisure trade and the chains Intersport and Budget Sport.
In 2019 Nielsen report, Kesko's market share in grocery trade was estimated to be 36.5%.
|
|
