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Stockmann will sell its stores in Russia

Submitted by Visit Plus on Fri, 11/27/2015 - 12:47

Stockmann will sell its stores in Russia. This company was forced to losses and the weakening of the ruble.

Sales of the Stockmann department store in Russia amounted to about 240 million euros and an operating loss of 26 million euros in 2014. The company currently has seven stores in Russia (5 in the Moscow region, one in St. Petersburg and Yekaterinburg 1), as well as a logistics center and administrative and support prdrazdeleniya. The Stockmann in Russia has about 2300 employees.

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