// Nike temporarily shutters all its stores in Russia following Moscow’s invasion of Ukraine
// Earlier in the week the company made online purchases in Russia unavailable
Nike has announced it will be temporarily closing all its stores in Russia, joining the raft of Western brands from around the world that have suspended their businesses in the country following Moscow’s invasion of Ukraine last week.
The U.S. sportswear giant had made merchandise purchases on its website and app unavailable in Russia earlier this week and directed its customers in the country to brick-and-mortar stores instead.
This latest decision covers both Nike-owned and operated stores.
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The company also said its foundation would be donating $1 million to the United Nations Children’s Fund and the International Rescue Committee to support relief efforts.
Earlier todat, TK Maxx parent company TJX Companies said it would sell its 25% stake in Russian low-cost apparel retailer Familia, with two of its executives also resigning from their director and observer positions.
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