Adidas announced on Monday that the operation of its own shops and online trade in Russia would be suspended until further notice in view of the war against Ukraine. However, the employees should continue to receive their wages. In Russia – including the former CIS countries – Adidas operates around 500 stores, out of almost 2,000 worldwide. In 2020, the group generated almost three percent of its sales there, more recent figures are not available. “We are monitoring the situation very closely and will make further company decisions if necessary,” the statement said.
So far, in response to the Russian invasion, Adidas had only suspended the contract with the Russian Football Association, which would have run until the end of the year. Puma had already temporarily suspended the operations of its 90 stores in Russia over the weekend. The US competitor Nike initially only stopped online trading in Russia because it could no longer guarantee deliveries. The Americans also closed their shops on Thursday.
Source: Nachrichten
