Clas Ohlson company was founded in 1918 by the technically minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold, thus allowing people who lived in rural communities to obtain literature that would otherwise be unavailable. He opened his first shop in Insjön in 1926, but it was not until 1989, when the company opened a store in a shopping centre in central Stockholm, that it expanded into the retail business. The first store outside Sweden was opened 1991 in Oslo in Norway and in 1999, the
Ohlson o-score Ohlson o-score The Ohlson O-Score for predicting bankruptcy is a multi-factor financial formula postulated in 1980 by Dr. James Ohlson of the New York University Stern Accounting Department as an alternative to the Altman Z-score for predicting financial distress. The Ohlson O-Score is the result of a 9-factor linear combination of coefficient-weighted business ratios which are readily obtained or derived from the standard periodic financial disclosure statements provided by publicly traded corporations. Two of the factors utilized are widely considered to be dummies as their value and thus their impact upon the formula typically is 0. When using an O-Score