In Russia, cosmetics outlets are closing en masse, there aren’t any new footwear manufacturers in any respect, and the share of closed clothes shops in Moscow procuring centres has reached 38%.
Supply: Overseas Intelligence Service of Ukraine
Particulars: In keeping with its information, between January and September, solely 27 new manufacturers appeared in Russia – half as many as throughout the identical interval final 12 months.
It’s famous that as a result of collapse in client buying energy, rising rental charges, and credit score issues, the event of the style market has virtually come to a standstill. Most new manufacturers at the moment are shifting to on-line marketplaces, as opening an offline store has grow to be a luxurious.
"The market might solely start to revive as soon as the financial system stabilises and mortgage rates of interest lower. An analogous disaster occurred in 2015 – at the moment, retail restoration took practically three years," the Overseas Intelligence Service of Ukraine stated.
Background: The turnover of Ukrainian firms working in retail commerce reached UAH 936.6 billion (about US$22 billion) in January-June 2025, which is 17% larger than in the identical interval final 12 months.
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