Soho
Retailers suspend shipments to Russia
19.12.2014 2346

Retailers suspend shipments to Russia

A number of retailers of clothes, shoes and accessories are suspending supplies to Russia due to a sharp drop in the ruble exchange rate. Among them are such large names as Inditex (Zara, Pull & Bear, Massimo Dutti, Bershka, Oysho, etc.) and the BNS Group, which manages the networks of Calvin Klein, Armani Jeans, Michael Kors, TopShop, etc. in Russia.

As explained by the CEO of BNS Group Denis Bogatyrev, the company was supposed to start picking up supplies for the next spring in mid - end of December, but took a break until the end of 2014 - the first week of 2015. The changes affected primarily premium brands. “For fast fashion brands, for example TopShop, we continue to ship, having reduced their volume,” Bogatyrev noted.

"The purchase price is virtual, no one knows what course to take," the newspaper quoted a source from an unnamed company, one of the ten largest apparel sellers in Russia, that suspended the order for the fall-winter 2015-16 season.

Many retailers do not convert rubles into foreign currency at a high rate, expecting a "bounce" and delay payments for the next collection. In total, deliveries of about 10% of the market in monetary terms have been suspended, according to Daria Yadernaya, Managing Director of Esper Group.

A number of apparel, footwear and accessories retailers suspend deliveries to Russia due to the sharp fall in the ruble exchange rate. Among them are such big names as Inditex (Zara, Pull & Bear, Massimo Dutti, ...
5
1
Rating

Latest News

Roses and fur - trends in shoe design

In the shoe collections of fashion brands for the autumn-winter 2023 season, several bright trends can be noted, including the use of fur and…
31.03.2023 64

Shoe sales in Russia decreased by 10,5%

According to the results of 2022, shoe sales decreased by more than 10%, TASS reports with reference to the analysis of the operator of the mandatory labeling system in Russia, the Center for the Development of Advanced Technologies and the National Scientific Competence Center ...
31.03.2023 75

Lamoda personalized the catalog using artificial intelligence

Lamoda, an online platform for the sale of fashion, beauty and lifestyle products, has simplified and accelerated the process of searching for products in its catalog. With the help of artificial intelligence, the service has learned to predict which products will be of interest to a particular…
30.03.2023 80

Santoni unveils new 'Sneak-Air' sneaker

The new model of the Italian luxury shoe brand Santoni has been named "Sneak-Air", and is distinguished by the original coloring. The upper of the shoe does not have a uniform color, it is decorated with many graphic shades. This visual effect is achieved in…
30.03.2023 163

Footwear production grows in Moscow

Over the year, the volume of footwear production in Moscow increased by 1,5 times. In January 2023, shoe factories produced 148,8 thousand pairs of shoes, an annual growth of 48,3%, according to the website of the Moscow Mayor. More than 200…
29.03.2023 173
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning