Japanese clothing manufacturer and retailer Uniqlo has decided not to continue its activities in the Russian market. writes about it “Kommersant” with reference to a source in the commercial real estate market.
Another source said Uniqlo is exploring the possibility of leaving Russia in the fall of 2022, but initially plans to close only unprofitable stores.
It was noted that Uniqlo representatives have terminated leases at a number of major shopping centers, but it may take several months for the company to finally close its business in the country. It is assumed that the vacant space will be occupied by other representatives of the mass market segment or department stores.
How 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.
First Retailing, owner of Japanese clothing brand Uniqlo, refused To comment on previous news in the Russian media about the future fate of stores in Russia