Nike leaves the Russian market completely

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The American sportswear and goods company Nike, which opened its first store in Moscow in 1994, is leaving the Russian market completely. The company made the corresponding decision after three months of suspension of work.

On the Russian version of the company’s website, a message was published : “Nike Inc. decided to leave the Russian market. As a result, nike.com and the Nike mobile app will no longer be available in this region.” It is also reported that stores temporarily closed on the territory of the Russian Federation will no longer open.

At the end of May, Nike did not renew its franchise agreement with Inventive Retail Group (IRG), which owns the largest mono-brand chain of American retail stores in Russia. Nike explained the refusal of the agreement by the inability to organize the supply of goods to Russia.

Earlier, the British clothing manufacturer Marks & Spencer announced its decision to leave Russia completely after 17 years of work.

The American sportswear and goods company Nike, which opened its first store in Moscow in 1994, is leaving the Russian market completely. The company made the corresponding decision after three months of suspension of work.

On the Russian version of the company’s website, a message was published : “Nike Inc. decided to leave the Russian market. As a result, nike.com and the Nike mobile app will no longer be available in this region.” It is also reported that stores temporarily closed on the territory of the Russian Federation will no longer open.

At the end of May, Nike did not renew its franchise agreement with Inventive Retail Group (IRG), which owns the largest mono-brand chain of American retail stores in Russia. Nike explained the refusal of the agreement by the inability to organize the supply of goods to Russia.

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Earlier, the British clothing manufacturer Marks & Spencer announced its decision to leave Russia completely after 17 years of work.

The American sportswear and goods company Nike, which opened its first store in Moscow in 1994, is leaving the Russian market completely. The company made the corresponding decision after three months of suspension of work.

On the Russian version of the company’s website, a message was published : “Nike Inc. decided to leave the Russian market. As a result, nike.com and the Nike mobile app will no longer be available in this region.” It is also reported that stores temporarily closed on the territory of the Russian Federation will no longer open.

At the end of May, Nike did not renew its franchise agreement with Inventive Retail Group (IRG), which owns the largest mono-brand chain of American retail stores in Russia. Nike explained the refusal of the agreement by the inability to organize the supply of goods to Russia.

Earlier, the British clothing manufacturer Marks & Spencer announced its decision to leave Russia completely after 17 years of work.