Turkish clothing brands close stores in Ukraine

While the days of tensions quickly escalated in Ukraine after Russian forces entered the country, recent developments have also affected businesses in the country with the closure of Turkish ready-to-wear stores.

Russian President Vladimir Putin, who had massed some 150,000 troops on the border in recent months, said he had launched a special military operation in eastern Ukraine with explosions heard early Thursday morning in several cities, including the capital. Kyiv and Kharkiv.

Several Turkish brands, namely LC Waikiki, Colin’s and English Home, have closed around 200 stores in the country for security reasons, according to a report by Turkish business daily Dünya.

Letters have been sent from malls to affected brands regarding the closures, the report notes.

Of the brands with the most branches in the country, Colin’s has 60 stores, LC Waikiki has about 50, and English Home has 33 stores. Meanwhile, brands have suspended plans to open new stores in the coming period.

LC Waikiki, which has stores in kyiv, Chernihiv, Jıtomır, Kharkiv, Lviv, Dnipro, Krivoy Rog, Zaporizhzhia, Odessa and other cities, planned to open 10 more stores in the country by 2023.

Colin’s, on the other hand, started its operations in Ukraine 22 years ago and its total sales area is now around 25,000 square meters (269,098 square feet). Stores are located in more than 30 cities across the country.

Russian forces stormed into the Kyiv region on Thursday, as the FSB claimed Ukrainian border guards had abandoned all facilities on the Russian-Ukrainian border.

Ukraine’s armed forces find themselves vastly outnumbered and outgunned by their Russian adversaries, despite the growing military assistance of Kyiv’s troops from the West.

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Michael O. Stutler