AD

Electronics Chain Power Generated 13 Million on Opening Day

From the opening (Photo: Power)
Intense week for the chain.

Yesterday, Ehandel.se reported on the high initial activity at Power's grand opening in Gothenburg. Now it is clear that the department store's total sales for the entire opening day amounted to 13 million Swedish krona. The result ties together a eventful week for the electronics chain, which has also been characterized by high pressure in e-commerce and new investments in omnichannel logistics.

AD

When the cash registers closed for the evening at the newly renovated department store at Torpavallen, the company was able to tally a daily turnover of 13 million Swedish krona, of which 1.3 million was generated during the first hour. According to Power, the sales were dominated by kitchen appliances, coffee machines and robot vacuum cleaners. Demand for mobile phones was also significant.

Store Manager Robin Gotin comments on the outcome:

We knew there was a lot of interest and this is like a receipt for all the work we have put into this renovation. Our goal has always been to create a modern store that offers an inspiring experience for everyone who walks through the doors, and today's success shows that we have hit the mark perfectly.

Game Release Drove Web Traffic

In parallel with the physical store opening, the company has experienced a noticeable increase in its e-commerce during the week. In connection with the pre-orders of the highly anticipated computer game Grand Theft Auto 6 opening on Thursday night, high visitor numbers were registered. At its peak, around lunchtime on Thursday, the chain sold one copy of the game every twelve seconds through its Swedish website.

Lala Liu, Sales Manager at Power Sweden, notes that the launch also drives sales of hardware, including PlayStation 5 consoles.

When sales explode in the middle of the night on a pre-order, it says everything about how big the gaming market has become. Both I and my colleagues in the stores have barely had time to do anything other than answer questions about everything from exact times to technical details.

Faster Deliveries from Store Network

At the same time Power announces that they are now expanding their cooperation with the delivery platform Wolt. After a period of pilot testing in seven selected department stores, fast deliveries are being rolled out to all of the chain's own stores in Sweden. The concept means that customers can receive smaller electronics products and accessories delivered in under an hour.

The investment is part of shortening lead times by utilizing the physical store network as local warehouses.

The pilot has shown us that people want their goods quickly. A pure online store cannot deliver in under an hour, but we have the opportunity to do so. We have the stores, Wolt has the logistics solution, and together we get the electronics to the customers, says Johannes Ittelin-Brynildsen, Nordic Marketing Manager at Power.

AD
Editorial Staff
AD