Nike did not renew its franchise agreement with Inventive Retail Group (IRG), which owns the country’s largest single-brand chain of US retail stores. This follows from a letter from IRG President Tikhon Smykov to the company’s employees, which Vedomosti has read. He explains this decision by the fact that Nike cannot “in the foreseeable future” […]
Nike has temporarily stopped online sales in Russia. The company said in a statement that Nike “cannot guarantee the delivery of goods to customers in Russia.” “As a result, merchandise purchases on the Nike.com website and the Nike app are temporarily unavailable in this region (Russia. — Red.),” the company said. Apple also announced the […]