FASHION RETAIL FLOURISHES IN UKRAINE DESPITE RUSSIAN MILITARY AGGRESSION
October 27th, 2023
In the aftermath of Russia’s invasion of Ukraine, which has forced 6.2 million people from the country (UN figures) (1) and caused more than USD151 billion in infrastructure damage, says the Kiev Schol of Economics (2), Ukraine’s fashion retail market has been transformed.
With many international brands temporarily exiting the market at the beginning of the war in February 2022, fearing damage to their locations and to their supply chains, 75% of fashion retail stores closed during the invasion’s early months. That included many international brands, and ...
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