Nokia (NYSE:NOK) has announced that it will close its flagship stores in the United States as part of the company’s new retail strategy. The company will close its NYC and Chicago stories during the early part of 2010. It will open a new location in Brazil after reviewing statistics that showed that 90% of phone purchases in North America are made through wireless carriers.
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Nokia Corporation manufactures mobile devices and is engaged in converging internet and communications industries. The company also provides digital map information through NAVTEQ and equipment, solutions and services for communications networks through Nokia Siemens Networks. The company acquired NAVTEQ Corporation on July 10, 2008.
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