The Japanese clothing chain Uniqlo plans to close a significant part of its stores in Russia until February 1, leaving no more than five points of sale. At the same time, the company does not plan to completely abandon the Russian market.
Uniqlo plans to reduce the number of stores in Russia to no more than five, Izvestia writes with reference to real estate brokers.
Uniqlo intends to close a significant part of its outlets before February 1 this year. There is no talk of a complete withdrawal of the company from the Russian market, the publication’s interlocutors noted.
The Japanese clothing store chain Uniqlo suspended operations in Russia on March 10, 2022. The company’s local social media has not been updated since then.
In the fall of 2022, the malls filed lawsuits against foreign retail companies, including Uniqlo. The owners of the shopping center wanted to collect fines from the brands for “failure to carry out commercial activities and damages for non-payment of rent.”
Author:
Kirill Bilyk
Source: RB
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