News that Stockmann is set to shut down its department store in Oulu was greeted with dismay by shoppers at the department store on Friday. “I'm very annoyed because this is such a good store,” said Jonna Tauriainen, 19, while browsing for clothes in the women's section. After slipping into the red last year, Stockmann on Friday revealed that it is planning on shutting down three loss-making department stores in Russia, in addition to the one in Oulu.
HS in English
Stockmann to pull out of Oulu
The announcement was also a bitter blow to the 230 employees of the department store. “Competition will decline and the city will become more backwardly if Stockmann goes,” a shop assistant who refused to disclose their name sighed.