* To invest 2.6 bln SEK in new digital platform
(Adds CEO comment, updates shares)
STOCKHOLM Profits at Assa Abloy, the world's biggest lockmaker, fell less than expected in the third quarter due to a strong recovery across divisions and especially in Europe, from the pandemic-induced slump earlier in the year.
* Pandemic, good weather extends gardening season through
STOCKHOLM American poet Louise Gluck won the 2020 Nobel Prize in Literature for works exploring family and childhood in an "unmistakable...voice that with austere beauty makes individual existence universal", the Swedish Academy said on Thursday. | Video
STOCKHOLM Shoppers at H&M in Stockholm will be able to watch their old jumpers be knitted in to a new sweater or scarf on the spot as the world's second-biggest fashion retailer looks for new ways to encourage its customers to recycle used garments.
STOCKHOLM IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is here to stay.
STOCKHOLM Sweden's H&M , the world's second-biggest fashion retailer, beat quarterly profit forecasts as it recovered more quickly than expected from a coronavirus-induced slump, in a positive sign for the industry. | Video
STOCKHOLM IKEA's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.