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Nike, Ikea, Asos join a growing list of global retailers spurning Russia

Inside Retail

Sportswear retailer Nike and home furnishings firm Ikea have shut down their stores in Russia, as the world responds to the rogue state’s invasion of neighbouring Ukraine. Russia accounted for about 4 per cent of H&M’s sales during the last quarter, making it the group’s sixth-largest market.

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Candles to cleaning: Diptyque finds beauty “where no beauty is expected”

Inside Retail

In a crowded market like the home fragrance category, where everyone from fast fashion and beauty brands to discount department stores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.