85% of the space left by H&M and Uniqlo in Moscow was occupied by Russian brands
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More than 85% of the space previously occupied by large international retailers is now rented by Russian brands. This follows from a report by the consulting company NF Group. The company examined 22 of the largest shopping and entertainment complexes in Moscow. Basically, the former premises of the Swedish H&M and the Japanese Uniqlo – the largest foreign players who left Russia – were taken into account. Until February 2022, these companies occupied a total of 79,000 sq. m in such facilities, according to the NF Group report. Nikoliers generally agrees with her calculations. According to its regional director of the analytics department, Veronika Lezhneva, Russian companies leased 83% of the space that was previously owned by H&M and Uniqlo.
The most active of the domestic brands was Gloria Jeans, according to the NF Group report. This company has occupied 23% of the former premises of foreign players. A representative of Gloria Jeans confirmed that it has already opened 50 stores in the places where foreign retailers left (for example, it took over the flagship stores of H&M on Tverskaya Street and Uniqlo in the Evropeisky shopping center).
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