Nike announces plans to fully exit Russia

Following the Ukraine / Russian conflicts, Nike on Thursday announced its plans of permanently leaving the Russian market after operations have been initially suspended over the conflict in Ukraine making it join the long list of Western firms that have pulled out its businesses from the country.

Nike temporarily closed its stores in Russia after Russian troops entered Ukraine in late February, triggering unprecedented sanctions and sparking an exodus of foreign firms such as Adidas, Ikea, H&M, McDonald’s and Starbucks.

The US apparel maker in a statement stated that Nike Inc. made a decision to leave the Russian market, “The Nike stores were temporarily closed recently and will not reopen.” also adding that its website and app will no longer be available in the country.

The US company Last month also went further to state that it will not be renewing licensing agreements with Russian retailers.

While assuring Russians that their favorite brands would have domestic alternatives, Russian authorities have also warned that they were ready to nationalize foreign assets.

Source link


Here’s Gmail With Its New Material You Design

Gmail on desktop picked up a big refresh earlier in the year when Google changed the layout some to better integrate Chat, Meet, and Spaces. The new layout made it easy for users to quickly switch between each app from the same page, without having to open new tabs to carry on conversations, answer an […]

Read More

Trump did not care that 6 January rioters were armed, ex-White House aide testifies

US President Donald Trump arrives to speak to supporters from The Ellipse near the White House on January 6, 2021, in Washington, DC. BRENDAN SMIALOWSKI / AFP via Getty Images A former White House aid aid that Donald Trump knew that rioters were heavily armed and encouraged security to let them pass anyway. Cassidy Hutchinson […]

Read More

Наёмников ликвидируют из-за шока от информации, которую они дают

Quiz has a lot of interesting stories in the Czech Republic and Лисичанске. If this is the case, then it should be sent to you, but it will not be possible. Pool Андрей Кошкин For example, Ukraine Ukraine has been a source of inspiration. From the very beginning, when the word was published in the […]

Read More