UNIQLO defends decision to stay open in Russia

ZionxXx

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TOKYO: The parent company of Japanese casual wear giant UNIQLO on Monday (Mar 7) defended a decision to keep Russian stores open even as rivals Zara and H&M suspend operations in the country following its invasion of Ukraine.

Tadashi Yanai, president of UNIQLO operator Fast Retailing, said the conflict should not deprive people in Russia of clothing, a basic human need.


"There should never be war. Every country should oppose it. This time all of Europe clearly opposes the war and has shown its support for Ukraine. Any attempt to divide the world will, on the contrary, strengthen unity," he said in a statement.
"Clothing is a necessity of life. The people of Russia have the same right to live as we do," Yanai added.
There are 49 UNIQLO stores in Russia. A Fast Retailing spokesman said the company would "continue to monitor the situation" but there were "no plans as of now to suspend our operations".
It comes as an increasing number of major companies announce a temporary halt to business activities in Russia, while Western governments impose sanctions to pressure President Vladimir Putin over the war in Ukraine.

Spanish clothing giant Inditex, which owns Zara, said Saturday it would temporarily close hundreds of shops in Russia as well as the group's online store.

"Given the current circumstances, Inditex cannot guarantee the continuity of operations and business conditions in the Russian Federation," it said.

Sweden's Hennes and Mauritz (H&M) has also announced it will suspend operations in Russia, saying it was "deeply concerned about the tragic developments in Ukraine" and that it stood "with all the people who are suffering".

https://www.channelnewsasia.com/business/uniqlo-russia-stores-open-ukraine-invasion-clothes-2544661
 

ZionxXx

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Ukraine is deprive of everything including human lives at stake due to Russia invasion and Uniqlo is concerned for Russia people no clothing? Whole world should boycott Uniqlo.
Russia ppl not scare if whole world don't sell still got tiong AAA branded fake goods
 

tank_t

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Banks cannot transact, what can customer buy? Stay open just paying salary, rent and utilities and not making $$. Soon the cash in the open market will get lesser. Hopefully nobody bank in their cash.
 

ZionxXx

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Banks cannot transact, what can customer buy? Stay open just paying salary, rent and utilities and not making $$. Soon the cash in the open market will get lesser. Hopefully nobody bank in their cash.
but their money keep dropping then pay for one shirt $29 tml left $19 value the money? like that won't make loss?
 

Unic0rn

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The Russians people are innocent, businesses should continue and sanctions should be lifted. Why make the ordinary innocent people suffer?

US, UK and EU should make compensations to the Russians for these transgressions. Pay up €990 trillions dollars 💵 to Putin!
 

chech01

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Biz should ignore politicians. Lose money they dont care. Cone to their face they give simi country honour shiat.
 

flame2000

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It's all about business n money.
It the same as not letting your business suffer because some stupid politicians tells you not to sell. :s13:
 

Soulhacker

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Give them the benefit of doubt that ish really about the Russian people right to clothing and not profit.

As with rubles plunging like siao nao they must be selling at a loss anyway. :(
 

Dracky

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Uniqlo is right. They are not selling to Russian army or oligarchs after all. It is wrong to sanction innocent civilians.
 
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