First Retailing, which owns Japanese clothing brand Uniqlo, declined to comment on previous reports in Russian media about the fate of stores in Russia. About informs agency RIA Novosti.
“Information is not our message, we want to avoid comment,” a company representative said in an interview with the agency.
When asked if it’s okay to understand that Uniqlo no longer has anything to announce about the future of its stores in Russia, the company replied, “You got it right about business prospects in Russia.”
Like knowledgeable From January 23 to February 1, 2023, the newspaper Izvestia, Japanese clothing brand Uniqlo plans to unload some of its shopping mall sites in Russia, leaving only five stores in the country. The organization has already begun to remove signs from outlets, for example, in a store in the capital’s Kashirskaya Plaza shopping center. The company was planned to optimize the number of stores in the country. Nadezhda Tsvetkova, manager and head of retail space leasing at CORE.XP, added that Uniqlo is not leaving the Russian market. No details were given about the future plans and work of the Uniqlo brand in Russia.
It was previously learned that parent company Uniqlo will increase the salaries of employees in Japan by 40%.
In October 2022, Uniqlo started reducing the network in Russia.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.