Net loss of Uniqlo in Russia in 2022 amounted to almost 11 billion rubles
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The net loss of stores of the Japanese retailer Uniqlo in Russia (Uniqlo (Rus) LLC) for 2022 amounted to 10.7 billion rubles. against 4.1 billion net profit in 2021. The data are presented on the state information resource accounting reporting.
From the information on the financial results of Uniqlo (Rus) LLC, it follows that at the end of last year, the company’s revenue decreased by 55.3% compared to 2021 and amounted to 12.074 billion rubles. The cost of sales decreased to 5.203 billion rubles. (-56.9%).
The first Uniqlo store opened in Russia in 2010. March 21, 2022 network announced on the suspension of work in the country due to hostilities in Ukraine. At that time, 50 outlets operated under the Uniqlo brand, and also had its own online store. According to Fast Retailing, as of the end of January this year, Uniqlo has 27 stores in Russia that remain closed. In early February 2023, a Kommersant source in the retail real estate market said that the Japanese manufacturer does not plan to reopen its stores.
More details – in the material “Kommersant” “Uniqlo clears out wardrobe”.
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