Latest Insights

ANALYSIS: Apparel industry not immune from Russia tensions 15 Aug 2014

Retail shares were among the biggest fallers last week as financial markets reacted to President Vladimir Putin's retaliation to the imposition of sanctions on Russia. While the ban was imposed on food and agricultural imports, the apparel industry is unlikely to be immune from the effects of the standoff, with majors like Adidas already suffering long-standing issues in the country.

IN THE MONEY: Adidas "remains committed" to Russia 8 Aug 2014

German sporting giant Adidas says it remains "fully committed" to the Russian market, despite plans to close stores and significantly pare back the opening of any new ones in the country this year and next.

In the money: Adidas looks at local sourcing to offset weaknesses 6 Mar 2014

Sporting goods giant Adidas says it could potentially change its business model in order to help offset significant currency issues affecting its top line and full-year guidance. This, it says, could include looking at opportunities for local sourcing.

Russia's clothing retail market set for steady growth 11 Nov 2011

After hitting hard times during the global economic crisis, the Russian clothing retail market is forecast to grow by 3-5% in 2011 and by about 6% per annum during 2012-13.

RUSSIA: Fashion market eyeing growth despite tough 2009 3 Jul 2009

The fashion and footwear market in Russia is forecast to fall by around 5% this year as clothing sales slump amid the financial crisis.

Latest News

Nike and Adidas accused of foul play on worker wages 11 Jun 2018

Ahead of the FIFA World Cup football tournament that kicks off later this week, major sponsors Adidas and Nike are accused of paying poverty wages to supply chain workers who make the football shirts and boots worn by players and supporters.

C&A to withdraw from Russian retail market 20 Jul 2017

C&A is to exit all of its operations in Russia, the European value fashion retailer has confirmed to just-style.

Russia to open modern textile finishing plant 1 Dec 2015

A state-of-the-art textile finishing plant is being set up in Russia's Rostov region by consumer goods firm and clothing manufacturer BTK-Group to manufacture textile dyes for the domestic market. 

Stockmann sells Russian department store business 1 Dec 2015

Finnish retailer Stockmann Group has signed a deal to sell its Russian department store business for EUR5m (US$5.3m).

Fashion retailer Modis invests in 3D fit software 30 Apr 2015

Russian value fashion retailer Modis has chosen to implement 2D/3D virtual fit apparel software solutions from Tukatech to drive innovation and efficiency.

Russia readies potential ban on EU and US clothing imports 6 Oct 2014

Russia may ban imports of clothing from the European Union (EU) and the United States if western countries implement a new package of sanctions against Russia, just-style has again been told.

Stockmann to close Russia stores and sell Hobby Hall 6 Oct 2014

Finnish fashion and department store retailer Stockmann Group is to shutter its 16 remaining Seppälä stores in Russia and sell its Hobby Hall retail division as part of a review of group strategy.

RUSSIA: Threatens ban on western apparel and textile imports 26 Aug 2014

Officials at Russia's industry ministry have said that should additional US and European Union sanctions be imposed, Russia may retaliate with a complete ban on imports of clothing and textiles from the EU and the US.

RUSSIA: Bosco Sport uses PLM to help outfit Olympic teams 21 Feb 2014

Bosco Sport, Russia's premier sportswear company and official clothing supplier of the Russian, Spanish, Serbian and Ukrainian Olympic teams, has used YuniquePLM to help outfit hundreds of athletes and more than 45,000 volunteers at this year's Winter Games.

RUSSIA: Ministry proposes ban on Govt purchasing of imported clothing 23 Dec 2013

Russia's Ministry of Industry and Trade (Minpromtorg) has proposed the prohibition of Government purchases of clothing manufactured abroad or from foreign materials.