Nike, Ikea, Asos join a growing list of global retailers spurning Russia
Inside Retail
MARCH 3, 2022
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. Johnson of Reuters.
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