News: Stockmann Oyj Abp (STCBV.HE)

STCBV.HE on Helsinki Stock Exchange

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Fri, Feb 13 2015

CORRECTED-BRIEF-Stockmann plans to close down three loss-making department stores in Russia

* Streamlines its operations in order to turn its earnings performance around

Stockmann to lose money again in 2015, plans cost cuts

HELSINKI, Feb 13 - Finnish fashion and department store group Stockmann reported sharply lower fourth-quarter sales and earnings on Friday and said it will cut costs and close three loss-making department stores in the Moscow region and one in Finland.

BRIEF-Stockmann January sales falls to 119.4 mln euros

* Sales amounted to 119.4 million euros ($136.46 million) in January 2015, down by 5.7 compared to January 2014 Source text for Eikon: Further company coverage: ($1 = 0.8750 euros) (Gdynia Newsroom)

BRIEF-Stockmann Q4 revenue down to EUR 548.5 million, expected to decrease

* Q4 revenue 548.5 million euros ($627.20 million) versus 607.8 million euros year ago

BRIEF-Stockmann shares jump after Seppala deal

Feb 2 - Stockmann Oyj Abp : * Shares rise 7 percent after Seppala deal

NORDIC STOCKS - Factors to watch on Feb 2

HELSINKI, Feb 2 - The following stocks may be affected by newspaper reports and other factors on Monday:

Finland's Stockmann to sell Seppala fashion chain

HELSINKI, Feb 2 - Finnish fashion and department store group Stockmann on Monday said it has agreed to sell its loss-making fashion chain Seppala to the division's chief executive Eveliina Melentjeff and her husband.

BRIEF-Stockmann plans management buyout of Seppälä

* Signed a memorandum of understanding regarding selling of its subsidiary, Seppälä Oy

RPT-CORRECTED (OFFICIAL)-Finland's Stockmann says sales dropped 10 pct in December

HELSINKI, Jan 9 - Finnish fashion and department store group Stockmann on Friday said its preliminary sales in December fell as much as 10.2 percent from a year ago to 208 million euros ($245 million) following the drop of Russian rouble.

CORRECTED (OFFICIAL)-Finland's Stockmann says sales dropped 10 pct in December

HELSINKI, Jan 9 - Finnish fashion and department store group Stockmann on Friday said its preliminary sales in December fell as much as 10.2 percent from a year ago to 208 million euros ($245 million) following the drop of Russian rouble.

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