Stockmann has updated its guidance and written down the value of its Lindex chain following an ‘impairment test’ for the business, even though Lindex’s performance has been fairly strong in recent periods.
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54 published items with the word (s) or phrase Stockmann in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Stockmann takes major impairment charge on uncertain Lindex prospects")
Stockmann takes major impairment charge on uncertain Lindex prospects -
![]( "Stockmann to retain Lindex under restructuring plan")
Stockmann to retain Lindex under restructuring planFinnish retail giant Stockmann will retain its Lindex fashion chain as it puts its restructuring plan into operation, despite speculation in recent months that it could sell off the business.
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![]( "Lindex to cut costs and jobs as Q2 revenues drop")
Lindex to cut costs and jobs as Q2 revenues dropStockmann-owned fashion retailer Lindex is to cut costs and shed jobs as it works to overcome the negative effect of the pandemic on its business.
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![]( "Stockmann swings to loss, but customers are returning to stores")
Stockmann swings to loss, but customers are returning to storesUnder-pressure Finnish retail giant Stockmann made a Q2 operating loss as the coronavirus crisis kept shoppers out of its department stores for much of the April to June period.
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![]( "Lindex owner Stockmann's New Year strength derailed by March sales plunge")
Lindex owner Stockmann's New Year strength derailed by March sales plungeStockmann’s latest result showed the Finnish retail giant enduring a 17.6% fall in consolidated revenue the first three months of the year as Covid-19 hit it hard during March.
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![]( "Stockmann plc gets debt collection protection, administrator named")
Stockmann plc gets debt collection protection, administrator namedStockmann offered an update on its parent company restructuring process on Tuesday saying that the District Court of Helsinki has ruled a temporary prohibition of debt collection and appointed an interim administrator.
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![]( "Lindex owner Stockmann to file for corporate restructuring")
Lindex owner Stockmann to file for corporate restructuringStockmann's parent company is filing for corporate restructuring as cash flows are dented by the coronavirus. But its department stores and its Lindex chain won't be affected, the company said on Monday.
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![]( "Finland's Stockmann to lay off all 1,400 staff temporarily")
Finland's Stockmann to lay off all 1,400 staff temporarilyFinnish retailer Stockmann said on Tuesday it would begin statutory negotiations with all of its 1,400 employees for temporary layoffs of up to three months due to the coronavirus situation.
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![]( "Stockmann makes progress, Lindex has strong year, profits improve")
Stockmann makes progress, Lindex has strong year, profits improveStockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
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![]( "Lindex owner Stockmann expects higher profits as both brands improve")
Lindex owner Stockmann expects higher profits as both brands improveWhen retailers put the words ‘profit warning’ at the start of a press release these days, it’s always bad news. But in the case of Lindex owner Stockmann, it wasn’t. In fact, profits will be higher.
