Japanese clothing chain Uniqlo is closing most of its major stores in Russia after suffering a RUB 10 billion loss in 2022. Writes about this "Kommersant".
Russia's Gloria Jeans is expected to take over most of the retail space previously occupied by Uniqlo stores in the coming months.
Officially, the network has not yet announced the final withdrawal from the country, but now this is actually happening, experts say.
After the outbreak of war in Ukraine, Uniqlo announced a temporary suspension of its stores in Russia. Until March 2022, 50 outlets operated under the Uniqlo brand in Russia, and by the end of January 2023 there were 27 of them (temporarily closed).