Swedish retailer Clas Ohlson to close stores in UK, Germany

(Reuters) - Swedish budget retailer Clas Ohlson <CLASb.ST> said on Wednesday it would close its stores in the UK and Germany as it reported a 74 percent slump in its second-quarter operating profit.

The company's quarterly operating profit fell to 33 million Swedish crowns (2.88 million pounds) from 125 million Swedish crowns a year earlier.

(Reporting by Marta Frackowiak in Gdyni; Editing by Amrutha Gayathri)