Approximately 20,000 customers of Askon and Sotka have not received their orders following the bankruptcy of Indoor Group, but most stores have reopened safely under supervision as liquidation sales commence.
The Indoor Group's estate manager, Tuomas Penttilä, has announced that the primary focus is to sell all assets of the bankrupt company. Following the bankruptcy, around 95% of Askon and Sotka stores have reopened according to their normal hours, although some smaller locations are still missing security services. This reopening is being managed with a strong emphasis on safety to protect both employees and customers, ensuring that the liquidation sales are conducted smoothly.
In the first days of sales following the reopening, there have been signs of strong customer interest and sales performance, indicating a successful start to the liquidation process. The management acknowledges concerns about potential crowd control issues during the liquidation sales but expresses confidence in the rational behavior of customers. The estate manager's comments reflect a cautious optimism as they navigate the complexities of managing a store chain's bankruptcy while also seeking to maintain order and safety during the sales events.
The reopening of stores and the commencement of liquidation sales is a significant event in Finland's retail sector, especially considering the impact of the Indoor Group's bankruptcy on employees and customers alike. As a major player in the market, how this liquidation unfolds will likely be closely watched by both consumers and industry analysts, as it may set precedents for future bankruptcies and their handling in Finnish business practices.
