Economy19.07.2022 - 11:53

Foreign clothing retailers will lose about $800 million if they leave the Russian market

The most significant losses may appear in the Spanish Inditex - which is about $ 300 million. It includes Bershka, Stradivarius, Pull & Bear, Zara, Massimo Dutti.

Фото: from open sources

Foreign retailers when closing Russian stores will incur losses of 760-800 million dollars. This was reported by Kommersant citing two auditing companies.

But the losses may be higher if the retailers do not sell out the remaining goods and do not solve the problem with the breakdown of existing long-term leasing contracts.

The most significant losses may be at Inditex Spain - about $300 million. It includes networks Bershka, Stradivarius, Pull & Bear, Zara, Massimo Dutti. Japanese Uniqlo may lose $150-170 million and almost as much to Decathlon of France.

Advertisement