Nike To Temporarily Close Stores In Russia March 3, 2022 SGB Update Nike, Inc. said it would temporarily close all its owned stores in Russia. The company joins other Western brands that have suspended their businesses in Russia following Moscow’s invasion of Ukraine. According to Reuters, Nike said it was “deeply troubled by the devastating crisis in Ukraine” and described its closing of stores in this way: “Given the rapidly evolving situation and the increasing challenges of operating our business, Nike will be pausing operations in Russia.”Nike, on Wednesday, had made purchases on its website and app unavailable in Russia and directed customers living in the country to shop its brick-and-mortar stores instead. The latest decision covers both Nike-owned and -operated stores. Photo courtesy WSJ
On Holding AG Beats Top-Line Estimates for Q2 but Swings to Net Loss; Raises Full Year Guidance August 12, 2025
