The liquidations of Askon and Sotka have quietly begun – this is what it looked like in Helsinki
The liquidation sales of the furniture chains Askon and Sotka, which went bankrupt, have commenced across Finland, creating crowds as stores reopen after the company's financial difficulties.
The liquidation sales for the furniture retail chains Askon and Sotka, owned by Indoor Group, have commenced following the company's bankruptcy due to challenging economic circumstances. The stores have opened in various locations, including the capital region, Lahti, Kouvola, and Rovaniemi, since last Friday, creating a flurry of activity as shoppers rushed to take advantage of the sales. According to information from Ilta-Sanomat, staff members have been called back to service as select stores resumed operations.
Indoor Group, the parent company of Askon and Sotka, filed for bankruptcy last week, marking a significant turn of events for the firms amidst apparent financial struggles. Alongside these retail chains, the associated sofa manufacturer Insofa Oy also sought bankruptcy, intensifying the impact of these closures on the local economy and job market. The implications for employees, many of whom are returning to work as stores reopen for liquidation sales, are notable, raising questions about stability and future employment.
Crowd dynamics have been reported during these sales, especially in Helsinki where both Askon and Sotka outlets are experiencing an influx of customers. For instance, at the Lanternan sites, customers have been spotted browsing through the liquidation offerings, demonstrating both the demand for discounted furniture and the urgency of the situation. The varied responses from stores regarding the communication of sales highlights the difference in operational strategy among the remaining locations, leaving some customers eager yet uncertain about the range of available deals.