Stockmann to close store in Itis shopping centre

Lindex Group has planned to close the Stockmann department store in the Itis shopping centre in Helsinki, said the company in a press release on Friday.

The company will start related change negotiations concerning the entire personnel of the Stockmann in the store.

The rental agreement for Lindex Group plc’s Stockmann department store in the Itis shopping centre will expire on 1 August 2025.

The schedule of the possible changes will be specified as the change negotiations progress.

“We have explored options for a possible continuation of the rental agreement in good cooperation with the landlord. However, we did not find a sustainable solution that would meet both our customers’ expectations and the targeted profitability development that is important to us. Therefore, we start planning a closure of the Stockmann Itis department store and will initiate related change negotiations,” said Riku Lyly, Chief Operating Officer of the Stockmann division.

The Stockmann department store in the Itis shopping centre employs 35 people.

As part of the change negotiations, the Stockmann division of the Lindex Group will investigate employment opportunities at other Stockmann locations as well as offer support for those in the scope of the change negotiations.

The negotiations are estimated to take about six weeks.