Stockmann to open Nike store in Russia to develop retail sales
17 Aug '06
2 min read
The centre will be home to a Stockmann department store and Seppälä, Bestseller and Nike Stores, and more.
Retail development in Russia in association with selected partners is part of Stockmann's expansion strategy. Department store operations and several speciality chains put Stockmann in a position to tap into significant advantages of scale in, say, administration, logistics and the lease terms of business locations.
Stockmann's three divisions are the Department Store Division, Hobby Hall, which is specialized in mail order sales and e-commerce, and Seppälä, a chain of fashion stores. Stockmann operates in Finland, Russia, Estonia, Latvia and Lithuania.
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