Uniqlo is likely to offload its stores due to significant losses, the outlet has reported Japanese casual wear retailer Uniqlo has decided to sell most of its stores in Russia after suffering multimillion-dollar losses last year, Kommersant reported on Friday. The company has not officially announced its withdrawal from the country, but market experts believe that the process has already been initiated. Most of Uniqlo’s former outlets will reportedly be occupied by Russian clothing brand Gloria Jeans, the newspaper said. Uniqlo halted operations at all of its 50 Russian stores last year and ceased online sal
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