All Russia articles – Page 3
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News briefs
Low-cost footwear to increase market share in Russia this year
This year, the Russian footwear market could face a 15-20 percent slump in sales in value and a 25-30 percent drop in volume, forecast Anush Gasparyan, commercial director of the Russian consultancy Fashion Consulting Group. The average price of shoes is set to rise by 30 percent year-on-year, pushing consumers ...
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News briefs
Turkish fashion retailers mull expansion in Russia
Several Turkish fashion brands such as adL, Mudo, LTB, Twist and İpekyol intend to enter the Russian market, taking advantage of the withdrawal of Western companies. The Russian newspaper Izvestia reported that Turkish groups have entered into negotiations with Russian shopping centers about opening their stores in the coming months. ...
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News briefs
Nike pulls out of Russia
The U.S. sportswear company Nike is pulling out of the Russian market. The brand had already suspended its activity in the country on March 3 following Russia’s invasion of Ukraine on Feb. 24. In a statement, the brand said that it would not reopen the stores that it had closed ...
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News briefs
Russia authorizes parallel imports
The Russian Industry and Trade Ministry on May 6 published a list of goods allowed for import without permission from the brand’s owner, which involved a broad range of fashion and sporting goods companies, including Zara, H&M, Decathlon and Uniqlo. The system, commonly known as parallel imports, has been designed ...
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ArticleRussia seeks to replace Western footwear brands
Russia has ramped up footwear production and is seeking new ways of sourcing shoes abroad amid the exodus of Western brands, following the country’s invasion of Ukraine on Feb. 24 and subsequent international sanctions and voluntary withdrawal of some foreign companies. In March 2022, Russian footwear production climbed by 14.8 ...
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ArticleHow a Ukrainian footwear expert is helping her country and rebuilding her business
Krystyna Mandrykina In an exclusive interview with Shoe Intelligence, Krystyna Mandrykina, a Ukrainian-born footwear manager and consultant currently working in Turkey, explains how the Russian invasion of Ukraine has shattered her personal and professional life. She also provides a riveting account of how the Ukrainians are reorganizing ...
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ArticleWortmann suspends sales to Russia
Russia is the most important export market for the Wortmann Group through its Tamaris and Caprice brands. But following the Russian invasion of Ukraine, the women’s shoe specialist has decided to stop servicing the market. The company based in Detmold, has also offered its employees in Ukraine the opportunity to ...
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ArticleGerman shoemakers write off the Russian market
The Russian invasion of Ukraine has affected the businesses of many German shoe and leather goods manufacturers, which had been built up over the past few years. “The consequences of this massive unrest are not foreseeable at this point in time,” said Manfred Junkert, general manager of HDS/L, the federal ...
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News briefs
EU bans exports of luxury goods to Russia
The European Union has toughened trade sanctions against Russia with the adoption of a fourth package of measures, which includes an export ban on luxury goods “to directly hit Russian elites”. The EU is sanctioning the country for ”its brutal aggression against Ukraine and its people.” The sanctions ”will further ...
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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News briefsGeopolitical tensions impact the Russian shoe market
The price of footwear in Russia is expected to rise by at least 15 to 25 percent in 2022 due to rising production costs and the depreciation of the Russian ruble, the Russian analytical agency Fashion Consulting Group forecast. The ruble hit a 15-month low against the dollar after the ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
Sada Dostluk makes a debut on the Russian market
The Turkmenistan footwear company Sada Dostluk has reached an agreement to export shoes under the Sada brand to Russia, with deliveries slated to begin this year. Founded in 2018, Sada Dostluk is one of the largest shoe companies in Central Asia, manufacturing 140,000 pairs of shoes a month. The company ...
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News briefs
New Russian Covid restrictions hit retailers
Most Russian regions have made it mandatory to present Covid-19 vaccination passes using QR codes to enter shopping centers and non-food retailers. So far, less than 35 percent of the Russian population has been vaccinated and the measure has drastically limited access to stores for a large swath of the ...
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News briefs
Moscow introduces a new lockdown
Due to the rapid increase in Covid-19 cases in Russia, Moscow’s mayor, Sergei Sobyanin, decided to introduce an 11-day lockdown from Oct. 28. Restriction includes all non-essential stores, schools and businesses. Non-vaccinated people over the age of 60 will not be allowed to leave their homes. The country’s president, Vladimir ...
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News briefs
Sales of premium fashion tripled in Russia
Sales of premium apparel, footwear and accessories in Russia tripled value in the first three quarters of 2021 compared to the same period of the previous year, according to the Russian data provider ODF. “April to June [2020] was the period of the toughest lockdown in Russia. Therefore, it was ...
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News briefs
Chinese marketplace Shein expands in Russia
Over the past 12 months, the Chinese fast fashion marketplace Shein has tripled daily visits, surpassing its Russian peer Lamoda, a research conducted by the Russian analytical firm Mediascope showed. Shein has the potential to increase its presence in Russia over the next few months and compete with market leaders, ...
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News briefs
Russia continues to be submerged with counterfeit shoes
Andrey Pavlov, the general director of the Russian shoe company Zenden, claims that the Russian market continues to be submerged with counterfeit footwear and that law enforcement agencies are not acting to stem the flow. In 2020, some 40 to 50 million pairs of counterfeit shoes landed on the Russian ...
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News briefsCounterfeiting still prevails in Russian fashion purchases
In 2020, the Russian market for counterfeit luxury clothing, footwear, and accessories decreased by 12 percent, to 248 billion rubles (€2.87bn-$3.37bn). But, the legal market for premium brands remains smaller, being estimated at only 234 billion rubles (€2.71bn-$3.18bn), and experienced a stronger decline, falling by 15 percent, a research conducted ...
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News briefs
Russian shoe firms intend to hike prices on rising costs
Russian footwear companies said that they plan to raise prices in the coming few months due to higher costs. Andrey Pavlov, the owner of the Russian footwear producer and retailer Zenden Group, explained that prices are being driven up by logistics costs and raw materials. Pavlov claimed that disruptions in ...
