Russia
This coverage examines the activities, strategies, and challenges of retailers operating in or withdrawing from the Russian market, with a focus on commercial and operational impact. Reporting includes corporate decisions regarding market presence, supply chain adjustments, leadership statements, and financial implications — providing retail professionals with context on how geopolitical factors influence retail operations and strategy in the UK.
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Mar- 2022 -7 MarchDepartment Stores
John Lewis halts sales of Russian products
John Lewis has become the latest retailer to make steps towards cutting ties with Russia, having removed Russian-made products from its Waitrose and John Lewis stores. In a statement, the retailer said: “The John Lewis Partnership is removing from sale products in Waitrose and John Lewis that are made in…
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4 MarchNews
M&S suspends shipments to Russian businesses
Marks and Spencer (M&S) has revealed it has suspended shipments to its Turkish franchisee’s Russian business. The announcement comes amid the humanitarian crisis following Russia’s invasion of Ukraine. Additionally, M&S are building on its existing support for Unicef UK’s Ukraine appeal with a £1.5m package to support the UN Refugee…
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4 MarchDIY
IKEA pauses operations in Russia and Belarus
Ikea has announced its company groups, Inter Ikea Group and Ingka Group, have decided to temporarily pause Ikea operations in Russia. This means that Inter Ikea Group will pause all export and import in and out of Russia and Belarus, and Ikea Industry production operations will be paused in Russia,…
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4 MarchClothing & Shoes
Boohoo latest retailer to suspend sales in Russia
Boohoo has announced it is one of several major retailers to suspend all sales in Russia in the wake of the ongoing Ukraine crisis. The retailer said it was “deeply concerned” about the “tragic developments” in the region, and confirmed that all sales and trading websites in Russia were suspended…
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4 MarchClothing & Shoes
Nike to temporarily shut all stores in Russia
Nike said on Thursday it would be temporarily closing all its stores in Russia, joining a growing group of Western brands that have suspended businesses in the country, Reuters has reported. It comes following Moscow’s invasion of Ukraine. The sportswear maker had previously made merchandise purchases on its website and…
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3 MarchNews
H&M Group temporarily pauses all sales in Russia
H&M Group announced it has decided to temporarily pause all sales in Russia. According to the brand, its stores in Ukraine have already been temporarily closed due to the safety of customers and colleagues. H&M Group said it is “deeply” concerned about the “tragic developments” in Ukraine and stands with…
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2 MarchClothing & Shoes
Asos cuts ties with Russia
Asos has announced that it has made the decision to cut ties with Russia following its invasion of Ukraine last week, stating that it was not “practical nor right” to continue trading in the country. Alongside this announcement, the group said it has also suspended all sales in Ukraine immediately…
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Sep- 2021 -17 SeptemberFeatures
eyezon – Reinventing live video for retail
Tell us more about the history of eyezon and how it got started The company started a little over four years ago, initially as an R&D project. We didn’t launch with the idea of being a business immediately. It was a team of textual web developers, software developers, and marketing…
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Jul- 2021 -29 JulyHigh Street
Mothercare losses widen to £21.4m
Mothercare has reported a wider pre-tax loss of £21.4m for the full-year ended 27 March 2021. Turnover also plummeted 47.9% to £85.8m, down from £164.7m the previous year, largely due to the continued impact of Covid-19 on trade in the key markets of Russia, India, Indonesia and Malaysia. Looking ahead,…
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Apr- 2021 -21 AprilDIY
Ikea owner to invest £3.4bn into renewable energy
Ingka Group, the holding company which owns the majority of Ikea stores has revealed it has invested of €4bn (£3.4bn) into renewable energy. The investment will support reducing the company’s climate footprint and a broader transition to a net-zero society. In the past decade the group has invested €2.5bn (£2.2bn)…
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