Year: 2022

Turbulent times for household technology trade – Asian online stores cause wariness

The Finnish Commerce Federation research* found that Finnish people shopping for household technology most often turn to Gigantti, Prisma and Power stores and the Verkkokauppa.com online store. At the tail end of last year, the sales of household technology began to plummet from the high numbers bolstered by the pandemic, and the decline could continue for a long time to come due to logistical problems, COVID-19 lockdowns in China and component shortage. Finns are reluctant to buy used electronics, but this trend may change in coming years.

Commerce supports European rules for corporate sustainability due diligence – yet a number of issues still require resolving

The Finnish Commerce Federation and its members are focused on advancing corporate responsibility in their own activities. In principle, the Finnish Commerce Federation welcomes the Commission’s proposal for a Directive on corporate sustainability due diligence. Although the promotion of corporate responsibility is a global challenge, which would require primarily global solutions, the Directive should help … Continued

Stalling in the drafting of law hurts companies and consumers

The Finnish Commerce Federation is reminding the Ministry of Justice and Parliament to bear their responsibility with regard to the delayed implementation of EU consumer law. The Consumer Protection Act is being amended for the second time within a year in a way that requires commerce sector businesses to make considerable efforts. Nonetheless, companies are expected to adjust to the new obligations practically overnight. Mari Kiviniemi, Managing Director of the Finnish Commerce Federation, is dismayed by the fact that companies and consumers are being forced to take a hit from the delayed drafting of law.

Mask recommendation for shops lifted

The Finnish Commerce Federation and the Finnish Grocery Trade Association recommend that the national mask recommendation be lifted in shops. On 14 April, THL notified about the lifting of the general mask recommendation. These official instructions only apply to the mask use of customers. The employers shall continue to give their own recommendations based on their own risk assessment.  

Commerce sector pleased with the government’s RDI investments – structural reform and measures to strengthen employment still lacking 

In the view of the Finnish Commerce Federation, the decisions taken in the government’s budget framework session are mostly a step in the right direction, but insufficient in terms of reform. The commerce sector is satisfied with the government’s RDI decisions, as they will strengthen growth over the long term. It is also necessary to invest in the aftermath of the war in Ukraine and in ensuring Finland’s security. However, the session provided no new solutions to improve employment or dismantle incentive traps.    

The commerce sector’s messages for the budget framework session: Purchasing power and restructuring must be taken into account

The long-running coronavirus pandemic and the military action launched by Russia will have significant negative economic effects, which will be felt in the daily lives of citizens. The commerce sector expects the government's budget framework session to provide solutions that support purchasing power, to promote growth-enhancing regulatory reform, and to take into account all potential and cost-effective energy production methods in response to the prevailing energy security and climate challenges.

Everyone has the right to a safe workplace and services at stores

Today, 21 March, is the International Day for the Elimination of Racial Discrimination, which also marks the beginning of the national Week against Racism. The Finnish Commerce Federation hopes that consumers will take into account their own role in promoting the well-being at work of those who work in customer service and in creating a safe environment for those who visit stores.

Price announcement of discounts and offers to change at the end of May 

The new provisions on discounts will enter into force on 28 May and, from that date, consumers will have to be informed, in addition to the discount or offer price of the goods, of the lowest price at which the goods have been sold to consumers in the 30 days preceding the campaign. This requirement does not apply to perishable foods or discounts targeted at a limited number of consumers, such as loyalty programme offers.