Nike exits Russian market by cancelling IRG franchise contract
IRG operates 37 Nike outlets in Russia through its subsidiary Up And Run.
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M&S reports £522.9m profit before tax for fiscal year 2021/22
The retailer is fully exiting from Russia, having suspended shipments to the country in March.
Dick’s Sporting Goods records $2.7bn in net sales for Q1 2022
The retailer expects its comparable store sales for the full year to be between -8% and -2%.
CBI reports ‘average’ retail sales in UK during May 2022
Retailers in the country expect their business situation to weaken by 13% over the next three months.
Ralph Lauren posts 41% growth in full-year revenue for FY22
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Nordstrom registers 18.7% increase in net sales in Q1 2022
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Walmart and DroneUp to offer deliveries to six more US states
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Proceeds from the investment will be used to facilitate ABFRL’s businesses growth.