Russian clothing brands filling gaps left by Western rivals – Reuters ...News

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Russian clothing brands filling gaps left by Western rivals – Reuters
source : Russia Today ( News ) () 74
The share of foreign apparel firms has dropped significantly in the country’s shopping malls Russian designers and brands have been actively replacing Western companies that pulled out of the country due to sanctions, Reuters has reported. Spaces in the country’s largest shopping centers have been quickly occupied by Russian retailers, both long established and those that have bought out the businesses of departing companies. The news agency quoted the president of Russia’s Council of Shopping Centers, Oleg Klimov, as saying that retail sales in the country had nosedived last year. He cited the Western exodus as c

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