Russia sees steep decline in clothing and footwear sales

11:27 - 26.08.2022


August 26, Fineko/abc.az. From February 2022 to the present, sales of clothing and footwear in Russia have contracted after Russia began its invasion of Ukraine, ABC.AZ reports with reference to Forbes.

More that 100 global brands have left the country after the introduction of foreign sanctions against Russia. This led to a more than 30% decline in the volume of clothing and footwear offered for sale . Following the outbreak of hostilities on February 24, Inditex representing Zara, Massimo Dutti and other brands, as well as H&M, Uniglo, Adidas and other companies, ceased operations in the country.

 

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