Stockmann enters an economy policy
Finnish retailer Stockmann will postpone or will cancel many of the planned investments as it wishes to receive high profit in 2009 in terms of consumers’ low trust.
Stockmann has informed on the beginning of realization of the economy program, aimed at reduction of annual expenses (EU 28 million).
The company will finish two current key investments - opening of new shops in Helsinki and construction of new shop in St.-Petersburg, but the company will freeze the most part of other investments in order to keep total investments at level of EU 150 million.
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