Coop Norden
Encyclopedia
Coop Norden is a joint Scandinavia
n holding company
, formerly a retail
chain. It is owned by three major cooperative retail companies; Danish
FDB (38%), Swedish
KF (42%), and Norwegian
Coop NKL
(20%). As a retailer Coop Norden operated around 1,000 stores and had a yearly turnover
of approximately SEK
90 billion. The operation and ownership of the retail chains have now been returned to the national co-operatives.
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
n holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
, formerly a retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
chain. It is owned by three major cooperative retail companies; Danish
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
FDB (38%), Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
KF (42%), and Norwegian
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
Coop NKL
Coop NKL
Coop NKL BA is a Norwegian cooperative retailing company. Coop NKL is owned by 177 local cooperative associations in Norway and has more than one million members and who actually operate that stores. The company has its headquarters in Oslo...
(20%). As a retailer Coop Norden operated around 1,000 stores and had a yearly turnover
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
of approximately SEK
Swedish krona
The krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...
90 billion. The operation and ownership of the retail chains have now been returned to the national co-operatives.
Denmark
- SuperBrugsen
- Dagli'Brugsen
- LokalBrugsen
- IrmaIrma (supermarket)Irma A/S is a Danish supermarket chain, part of the Coop Danmark group. It was founded in 1886 by Carl Schepler, as a small grocery store selling eggs in Ravnsborggade in Nørrebro, Copenhagen. The chain is the second oldest groceries chain in the world, after Marks & Spencer...
- KvicklyKvicklyKvickly is a chain of Danish supermarkets owned by Coop Danmark. Kvickly has a large selection of items, and were in 2010 appointed, by the Danish Ministry og Health, to be the easiest place in Denmark to buy healthy food...
- Kvickly xtra
- FaktaFaktaFakta is a Danish chain of discount stores. It is owned by FDB and was founded in 1981 as Dansk Discount A/S. Fakta has been the fastest growing discount chain in Denmark. In 2006 fakta earned 8.1 billion Danish Kroner...
Norway
- Coop Byggmix - hardware store
- Coop Elektro - electrical article store
- Coop Extra - convenience store
- Coop Kjøkken og Hjem - kitchen and interior store
- Coop MarkedCoop MarkedCoop Marked is a chain of 384 local grocery stores throughout Norway managed by Coop Norge and owned by local cooperatives. The chain represents the smallest stores in the Coop range, and is predominantly used in rural areas too small to support Coop Prix stores....
- grocery store - Coop MegaCoop MegaCoop Mega is a chain of supermarket stores throughout Norway managed by Coop Norge and owned by local cooperatives....
- supermarket - Coop Obs!Coop Obs!Coop Obs! is a chain of 24 hypermarkets throughout Norway managed by Coop Norge and owned by local cooperatives. Prior to 2001 the stores were only branded as Obs!....
- hypermarket - Coop Obs! Bygg - hardware
- Coop PrixCoop PrixCoop Prix is a chain of 315 discount stores throughout Norway managed by Coop Norge and owned by local cooperatives. The chain was created in 1990 for the cooperatives to be able to compete with other discount stores like REMA 1000 and RIMI....
- discount store - Coop Sport - sport store