Nike to fully exit Russia: report
Nike is fully exiting Russia, with the sportswear retail giant saying it would scale down operations in the months ahead.
"NIKE, Inc. has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months," the company said in a statement emailed to FOX Business.– which operates Nike stores in Russia through its subsidiary Up And Run – said the company would no longer supply goods there.
People walk past a closed store of the sporting goods retailer Nike at a shopping mall in Saint Petersburg, Russia May 25, 2022.
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