Smart Club

Infobox Company
name = Smart Club AS

type = Subsidiary
genre =
foundation = 20 February 1995 [cite web |url=http://w2.brreg.no/enhet/sok/detalj.jsp?orgnr=970997636 |title=Smart Club AS |author=Brønnøysund Register Centre |accessdate=2008-07-05 |language=Norwegian]
founder = Atle Brynestad
location_city = Oslo
location_country = Norway
location =
locations = 7
area_served = Norway
key_people = Svein Guldbrandsen (CEO)
industry = Retail
products =
services =
market c

revenue = NOK|1,500 million (2006)
operating_income =
net_income = NOK 55 million (2006)
assets =
equity =
owner =
num_employees =
parent = CG Holding
divisions =
subsid =
homepage = [http://www.smartclub.no www.smartclub.no]
footnotes =
intl =

Smart Club is a Norwegian retail chain with seven outlets, offering the products from forty product categories. The stores are only available for members, with membership costing NOK|100.cite web |url=http://www.smartclub.no/index.php?option=com_content&task=view&id=59&Itemid=74 |title=Om Smart Club |author=Smart Club |accessdate=2008-07-05 |language=Norwegian]

History

The company was founded in 1995 by Atle Brynestad through his investment company CG Holding and has seven outlets in Oslo (2), Asker, Oppegård, Råde, Skedsmo and Trondheim. From 2005 to 2008 it expanded rapidly, with a 24% revenue growth in 2006, but at the same time doubling its debt. On 4 July 2008 the company was bought by Coop NKL; they will keep the six stores in Eastern Norway, but will close the one in Trondheim due to vicinity to their own Coop Obs! at City Syd. [cite web |url=http://www.dn.no/forsiden/naringsliv/article1438529.ece?jgo=c1_re_left_1 |author=Dagens Næringsliv |title= - Vi har gjort en god deal |date=2008-07-04 |accessdate=2008-07-05 |language=Norwegian]

References