STOCKMANN-OPERATED NIKE STORES IN RUSSIA TO BE CLOSED DOWN

STOCKMANN plc
Investor News
9.12.2009

STOCKMANN-OPERATED NIKE STORES IN RUSSIA TO BE CLOSED DOWN

At the turn of the year, Stockmann closes down its loss-making Nike franchising
stores in Russia. Stockmann and Nike have agreed on the termination of the
franchising agreement on 31 December 2009. Stockmann’s Nike chain comprises
seven small stores located in St Petersburg, Nizhny Novgorod, Rostov-on-Don and
Novosibirsk. Two stores in St Petersburg will transfer to another company as
from 15 December 2009 and the other stores will be discontinued at the turn of
the year.

The discontinued stores are of minor importance to Stockmann’s business
operations. Sales of Nike products in the Stockmann department stores in
Finland, Russia and the Baltic countries will continue as before.

Further information:
Maisa Romanainen, Executive Vice President, Stockmann,
tel. +358 9 121 5230

STOCKMANN plc

Juhana Häme
Manager, Corporate Communications

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