Nike leaves the Russian market for good and will not reopen its stores

Nike is permanently exiting the Russian market and will not reopen its stores


MOSCOW | The American sports equipment manufacturer Nike announced on Thursday that it was leaving the Russian market for good and that it had no intention of reopening its stores, which were first temporarily closed in the wake of sanctions against Moscow for its offensive in Ukraine. 

“Nike Inc. has decided to leave the Russian market. As a result, and the Nike mobile app will no longer be available in this region. Nike stores recently closed temporarily and will not reopen,” the group said in a message on its Russian site.

After McDonald's or Ikea, this is yet another iconic Western brand leaving the Russian market, after having rushed there at the end of the Soviet Union.

The group did not give further details on the reasons for this decision, simply indicating that ” lately, Nike cannot guarantee the delivery of goods to Russian buyers.

Nike explains that orders have been canceled as a result and would be refunded.

In early March, a few days after Russian troops entered Ukraine, Nike announced the temporary closure of all its directly managed branches in Russia , i.e. 116 stores.

On May 25, the group announced the suspension of its sales in partner stores in Russia and the interruption of all its collaborations with retailers in the country, while indicating that it would continue to pay its employees.

The Russian authorities responded aggressively to these cascading announcements, warning foreign groups if they decided to leave the country in a hurry without respecting labor laws, with thinly veiled threats of nationalization of their assets. .

McDonald's restaurants have been bought by a Russian investor. The latter began in June to relaunch a fast-food chain there, under new colors with a new name.

In Moscow, bus shelters were adorned with anti-Swedish posters, stating “We (the Russians, editor's note) are against Nazism, they (the Swedes, editor's note) are for it”. These posters pinpoint, among others, the founder of the Ikea furniture chain, Ingvar Kamprad, for remarks presented as pro-Nazis.

On social networks and in the media, Russians have also called for a boycott of the products from major Western brands that have suspended their activities in the country, such as Apple or Chanel.