Uniqlo may leave only five stores in Russia
Uniqlo has notified Russian staff that a number of outlets are closing, but not all. What is the reason for such a format for reducing the company’s activities?
Until February 1, the Japanese clothing brand Uniqlo updated some of its sites in the shopping center, leaving only a few outlets in the Russian Federation. The Japanese fashion brand has notified staff that the chain’s store hierarchy will be closed down completely. Reports “News” with reference to employees of the company. Uniqlo, which announced in March 2022 the suspension of work in Russia, has already removed the beginning of the sign with some of its outlets.
Why does the brand stay that way? Opora Rossii legal expert, businessman Alexei Petropolsky argues:
Alexey Petropolsky legal expert at Opora Rossii, entrepreneur
Uniqlo suspended operations in Russia on March 10 last year. The company said at the time that it faced “a number of cases, including challenges in the area of doing business and identifying a conflict situation.” To this, on March 7 of the same year, the head of Fast Retailing Tadashi Yanai spokethat Uniqlo registers work in Russia, as clothing is a vital necessity.
To reports of store closures, Mikhail Burmistrov, CEO of Infoline-Analytics, believes:
Mikhail Burmistrov CEO, Infoline Analytics
Representatives of Uniqlo in Russia added that the brand does not completely cancel the Russian market. The details of the work to exaggerate plans and companies in Russia are still unknown.
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