Clas Ohlson AB to open new store in Orebro, Sweden

Nordic Business Report, Nov 21, 2008

NORDIC BUSINESS REPORT-21 November 2008-Clas Ohlson AB to open new store in Orebro, Sweden(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish retail chain Clas Ohlson AB (OMX Stockholm:CLAS B) said on Friday (21 November) that it has signed the contract for a new store in Orebro, Sweden.

The 777-square metre store will open in the Marieberg shopping centre in March 2009.

Including the new store, Clas Ohlson has 113 existing or contracted stores in Sweden, Norway, Finland and the UK. The first UK store is scheduled to open in the London area in November.

Clas Ohlson, headquartered in Insjon, Sweden, sells hardware, electronics, car and boat accessories, office supplies and household items. The company has some 3,000 employees and an annual turnover of approximately SEK4.6bn.

One British pound (GBP) is worth approximately 12.18 Swedish kronor (SEK).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))