Ukraine
This coverage examines how events in Ukraine affect the UK retail sector, focusing on supply chain disruption, commodity prices, consumer sentiment, and corporate responses. Reporting highlights how retailers adapt operations and strategy to mitigate risks and navigate challenges arising from the conflict — offering insight for executives, managers, and professionals making decisions in a volatile global context.
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Mar- 2022 -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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Jan- 2022 -28 JanuaryClothing & Shoes
H&M aims to double sales by 2030 as FY21 profit soars
H&M Group has announced that profit after financial items increased almost sevenfold in its latest full-year results, rising to SEK14.3bn (£1.13bn) against the SEK2bn (£158m) reported last year. It comes as the group pledged that by 2030 “at latest”, it will aim to double sales while at the same time…
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Jan- 2018 -31 JanuaryClothing & Shoes
H&M to open fewer stores in 2018 after quarterly profit drops 34%
Fashion retailer H&M has announced it will open fewer stores in 2018 after reporting a quarterly drop in profit of 34%. Pretax profit in the three months through November, H&M’s fiscal fourth quarter, fell to 4.9bn Swedish crowns (£441.8m). Sales in the fourth quarter also declined by 4%, while H&M’s…
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