Stockmann Occupies Atrium

Finnish trading house Stockmann is to start selling industrial goods in St Petersburg this month. Stockmann plans to achieve a turnover of FIM40-42m (about $8m) in the first year. International Operations Director Yukka Hiinonen announced that the opening

<BR>Finnish trading house Stockmann is to start selling industrial goods in St Petersburg this month. Stockmann plans to achieve a turnover of FIM40-42m (about $8m) in the first year. International Operations Director Yukka Hiinonen announced that the opening of a new shop is a continuation of the company's move onto the Russian market. <BR>Until recently, Stockmann supplied only food products, to the Kalinka-Stockmann retail outlet.<BR>The new shop will be located at the Atrium, 25 Nevsky Prospect. According to the Atrium's official representative, Atlantic ONCOR (a member of ONCOR International), an agreement has been signed to rent the entire 1500m2 recently vacated by department store British Home Stores. The minimum annual rental cost is said to be $600m2.