Brands leave regions
16.12.2014 2093

Brands leave regions

Amid news of the weakening ruble, branded clothing stores are closing in Russian regions. Large retailers curtail business in Russia due to millions of losses.

In Omsk, for example, the list of the "left" brands has become quite impressive. For example, the store of the French chain Camaieu, which is being developed in Russia by Jeans Simphony, has closed in the local Mega.

As throughout the country in Omsk, the British network New Look stopped working. In the summer, the Omsk store of the Spanish brand OVS was closed due to low profitability.

The Finnish company Stockmann brought two of its brands out of the market at once - Seppala and Lindex. The main reason for the retailers is the financial losses due to the weakening of the ruble. Also from the "Mega" has left the large store "Veshch!"

In general, market players talk about a serious decline in demand. Svetlana Trembach, the owner of Finn Flare and Tom Farr clothing stores in Omsk, notes that negative changes have been felt since autumn. “The buyer has left the stores, saving on everything,” she notes. - Since the beginning of the crisis, Omsk residents have converted rubles into dollars and are trying not to spend them. In Moscow, the crisis is more noticeable, there are many shops closing, this wave has not yet reached us. But already in the spring the situation will worsen in Omsk.

Recently, according to the operator, a rotation of tenants has been noticeable in shopping malls: “Some leave, others come, but after a while they also close stores due to low profitability”.

On the background of news about the weakening ruble in the Russian regions, brand clothing stores are closing. Large retailers are winding down their business in Russia because of the millions ...

Latest News

Shoes 1920s - at the exhibition “Dressed in luxury. Art Deco Woman" in Moscow

The exhibition Dressed in Luxury. Art Deco Woman”, which presents one of the world's best collections of shoes and shoe…
31.01.2023 124

Sabato de Sarno named Gucci's new creative director

French luxury holding Kering Group has unveiled a new creative director of the Gucci brand. It was the 39-year-old Italian designer Sabato De Sarno, who is currently the director of menswear and womenswear ...
30.01.2023 154

Nike announces collaboration with Tiffany & Co

Tiffany & Co. sneakers x The Nike Air Force 1 Low will be housed in a signature mint-colored jewelery brand box adorned with Nike's signature 'comma' in the center.
29.01.2023 618

Gigi Hadid Appears in Boss Campaign

American supermodel Gigi Hadid presented a new collection of the German fashion brand Boss. In the campaign photo, Hadid is dressed in a black loose-fitting pantsuit, on the model's feet are black sandals from the brand's new women's spring collection ...
27.01.2023 346

Ermenegildo Zegna Group reports 2022% revenue growth in 15,5

Italian group Ermenegildo Zegna ended 2022 with a 15,5% increase in revenue, although business results were impacted by anti-covid restrictions in the Bolshoi…
26.01.2023 411
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning