×
67 550
Fashion Jobs
MACY'S
Asset Protection Detective, Fayette Mall - Full Time
Permanent · Lexington
NORDSTROM
Area sc Manager 2
Permanent · San Bernardino
NORDSTROM
Assistant Manager- Operations- King of Prussia
Permanent · King of Prussia
NORDSTROM
Inventory Control Specialist - 1st Shift (Sun-Thurs) - Newark, ca
Permanent · Newark
NORDSTROM
Assistant Manager - Operations - Keystone
Permanent · Indianapolis
NORDSTROM
Business Analyst 2 - Store Operations
Permanent · Seattle
NORDSTROM
Assistant Manager - Asset Protection - Washington Square
Permanent · Tigard
NORDSTROM
Business Process Improvement Manager
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - Heartland Town Center Rack
Permanent · Mississauga
NORDSTROM
HR Business Partner, Supply Chain – San Bernardino Fulfillment Center – Hybrid
Permanent · San Bernardino
NORDSTROM
Senior Project Manager, Nmg Brand Programs - Data, Insight And Analytics
Permanent · Seattle
NORDSTROM
sr. Manager of Marketing -Gift Card- Remote
Permanent · Seattle
NORDSTROM
Overnight Asset Protection - Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Security Ambassador - Broadway Plaza in Walnut Creek
Permanent · Walnut Creek
NORDSTROM
District Manager - Asset Protection - Minnesota, Wisconsin
Permanent · Bloomington
NORDSTROM
Area Manager - Asset Protection - San Jose Area Racks
Permanent · San Jose
NORDSTROM
Senior Project Manager, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Assistant Manager - Women's / bp / Salon Shoes - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Project Manager 2, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Assistant General Manager- Ruscello- Oakbrook Center
Permanent · Oak Brook
NORDSTROM
District Manager - Asset Protection - Ohio, Indiana, Kentucky
Permanent · Cincinnati
By
Reuters API
Published
Mar 26, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

As western retail brands exit, Russia looks east for replacements

By
Reuters API
Published
Mar 26, 2022

Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow grapples to find ways to combat its growing isolation in the face of sanctions.


Reuters


The Russian Council of Shopping Centres (RCSC), an organisation representing developers, shopping centre owners and retail chain operators, said it was negotiating with its corresponding representatives in the four countries about finding alternatives to western brands.

"A list of foreign companies that have temporarily ceased operations in Russia was sent to them so that appropriate equivalents can be found," a statement on the RCSC website read.

"Over time this will help supplement or completely replace goods of the defunct brands with ones of a similar quality and design."

Dozens of big brands have temporarily shuttered operations or exited the country since Russia sent tens of thousands of troops into Ukraine on Feb. 24 in what it calls a special operation.
Sanctions have hampered supply chains and fuelled panic buying among some Russians, with medicine and sugar shortages reported, and accelerating inflation is set to send prices higher.

During an RCSC meeting of more than 100 market participants, the challenges facing Russian retailers were discussed.

RCSC cited Igor Maltinsky, director of development at Melon Fashion Group, as saying that the main challenge facing domestic retail firms was the uncontrollable growth of production costs, due to huge increases in procurement and logistics costs, as well as many other related factors.

Melon owns four, mainly women's, fashion brands - Zarina, Befree, Love Republic and Sela and had 846 stores across Russia and CIS at the end of 2021. It had been planning to hold an initial public offering (IPO) this year.

On Thursday, Swedish real estate firm Eastnine, a minority shareholder in Melon, said the planned IPO had been postponed. It said western sanctions had negatively affected the company, making valuing it very difficult.

© Thomson Reuters 2022 All rights reserved.