×

nike huarache 2017 beige blue yellow shoes colors | Nike to End Russia Business for Good

lebron james nike 7 colourways black friday sale.

nike vapor grip 3 camo boots shoes close nike huarache 2017 beige blue yellow shoes colors halt the delivery of products and from its website to Russia. At the time, Nike cited “the rapidly evolving situation” between Russia and Ukraine. In late May, Nike reportedly said it would not renew an agreement with its largest franchisee in Russia, Inventive Retail Group (IRG). The contracts between the two entities were set to expire on Thursday, May 26.

“Nike, Inc. has made the decision to leave the Russian marketplace,” the company told FN in a statement. “Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months.”

Other brands have announced similar moves to exit Russia as the situation there continues. In May, Starbucks said it would close all 130 location in Russia, ending its presence in the country. McDonald’s, Exxon Mobil and British American Tobacco have made similar announcements recently as well. As of March 20, Authentic Brands Group, which recently closed a deal to acquire Reebok, suspended all e-commerce and store operations in Russia in light of its “unrelenting attack on Ukraine and the escalating humanitarian crisis.” Crocs said that it has halted its DTC business in Russia, including e-commerce and retail stores. Crocs has also stopped importing products into the country.

Nike ended its sponsorship deal with Russian Premier League club Spartak Moscow, a popular football club, in May. Nike also announced that the Nike Foundation will donate $1 million to UNICEF and International Rescue Committee to help support humanitarian relief efforts.

kd 4 gold medal shoes suspended its long-term partnership with the Russian Football Union (RFU), the governing body that oversees football in Russia.

imbox Sponsored

nike pegasus 35 stack height range

Sustainable, footwear protection technology company, IMBOX Protection, is bringing its in-store service to the U.S. market for increased foot traffic and basket size with a new revenue stream.
Learn More

Access exclusive content