Puma temporarily closes its stores in Russia

The German sports company Puma said Saturday it would temporarily shutter its shops in Russia, following other retailers and businesses in suspending their operations after the invasion of Ukraine. 

The outfitter, based in Herzogenaurach in Germany, said in a statement it had “decided to suspend operations of all its stores in Russia”, after a similar announcement earlier on Saturday by the Spanish clothing giant Inditex, owner of Zara.

“Less than four percent” of the German sportswear company’s revenue came from Russia, a spokeswoman for Puma told AFP, with the global figure coming to 6.8 billion euros ($7.4 billion) in 2021.