09/03/2007
Stockmann operations in Russia

In mid-February, the Department Store Division opened its fourth department store in Moscow in the Mega East shopping centre.

Sales by the Department Store Division and Seppälä suffered clearly in Russia from the slowing down of operation of the Russian customs in Moscow during the past few months. A new interpretation of regulations concerning certificates needed for imports has hampered the process of delivering the goods to the stores.
Source : Stockman

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