HELSINKI, April 16 Finnish department store
owner Stockmann slashed its outlook for 2013 after an
"exceptionally weak" first quarter, and said it will put workers
on furlough to save costs.
The company estimated a January-March operating loss of 34.5
million euros, compared to a 29.9 million euro loss a year
earlier, and said consumer spending in the Nordics would likely
remain weak for the rest of the year.
It forecast 2013 operating profit to be weaker than a year
earlier. It previously expected an improvement.
(Reporting by Ritsuko Ando)