Uniqlo outlets have reportedly been occupied by local brands
Japanese casual wear retailer Uniqlo has ceased operations in Russia and offloaded all of its stores in the country, the Vedomosti newspaper has reported, citing a company partner.
The information was confirmed by the owners of Russian shopping malls where Uniqlo outlets were previously located.
“Uniqlo has refused to lease premises for all its stores in Russia,” a Vedomosti source was quoted as saying.
Most of Uniqlo’s former outlets have already been occupied by Russian clothing brands such as Lime and Gloria Jeans, according to the report.
Read Full Article Here…(rt.com)
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