Russia says IKEA, Inditex want to return - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russia says IKEA, Inditex want to return

MOSCOW, Apr 21 (PRIME) -- Swedish furniture producer IKEA and Spanish clothes producer Inditex are considering rebuilding logistics to return to the Russian market, Deputy Industry and Trade Minister Viktor Yevtukhov said on Thursday at a meeting of the All-Russia People's Front.

УThey have a very interesting format of work. IKEA is difficult to repeat. Still, they left two Mega malls operational and they are continuing building two more Mega malls, which means they did not stop investment in construction. They say that it is important for them to maintain a full assortment matrix, that everything will become clear soon, they will understand how to import products, and they will open again,Ф he said.

Inditex is focused on renewing collections several times per season, and it would be wrong for them to sell the same stock all the time. They continue saying that the Russian market is important for them, Yevtukhov said, adding that the sales of the Zara brand clothes in the single mall in Moscow outperform sales in Europe.

УThat is why they obviously want to return to our market. But if they donТt, it will also be positive, as it will open good opportunities for our producers,Ф he said.

End %%md/jst%%

21.04.2022 13:00
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul