12/4/2009 12:01:00 PM
Nokia pulls flagship Regent Street store
Nokia is closing its flagship Regent
Street store, after disappointing sales.
The manufacturer will close the store, which it has resided in for just two
years, in the first quarter of 2010.
Nokia has seven other stores including a flagship at Heathrow’s Terminal 5,
but said it had no plans for another London
store at present.
In a statement Nokia said: ‘Nokia is crystallising its branded retail
strategy, aiming at improving operational efficiency of its retail network.
This requires revamping of the retail network.’
30 employees are now in consultation and other roles are being sought for
them within the company.