May 3, 2018 / 11:17 AM / 2 years ago

Clas Ohlson bets on digital and new services for growth

STOCKHOLM, May 3 (Reuters) - Clas Ohlson will look to e-commerce, its Nordic home markets and a new home jobs service to power sales growth in coming years, the Swedish budget retailer said on Thursday

Under new CEO Lotta Lyra, Clas Ohlson, which sells a broad of DIY and other products ranging from cleaning supplies to home electronics, has been reviewing its strategy.

In December it halted store expansion in the Nordics amid a rapidly changing retail market and sluggish store sales.

$1 = 8.8443 Swedish crowns Reporting by Anna Ringstrom; editing by Jason Neely

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