HS: Consumer cautiousness weighs on electronics retailers in Finland

THE DIFFICULTIES of consumer electronics and home appliance retailers are expected to continue, according to Helsingin Sanomat.

The retailers have been struggling in the face of muted demand already for three years, a reality that has resulted in personnel reductions and bankruptcies. Three of Gigantti’s franchise stores, for example, were shuttered recently following the bankruptcy of the operator, JH Caps.