Stockmann-owned retailer Lindex is to cut costs and jobs in a move to overcome the negative effect of the pandemic. As revenues declined by around 18% in Q2 (while e-tail had grown by 102% in Q2), the company launched a programme to cut €14.5 million in costs from the business, mainly from 2021 onwards. The plans include optimising the store network, restructuring the head office operations, cuting fixed costs related to the business premises, and streamlining the overall operations.

Lindex initiates a cost reduction program to future-proof the business