Nike announces to make 'full exit' from Russia as Western firms departing accelerates

Nike announced on Thursday that it will make full exit from Russia. In March, the US-based manufacturer of footwear and clothing had stopped accepting online orders and shut its local stores in Russia. Local partners' stores were operational in the country but the company is now ending their contracts with them. Russia and Ukraine contributed less than 1% of Nike's total revenue.
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1 weeks ago