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Shopping is both A pleasant necessity and hobby, but you go to the grocery store to buy food for the week or that you translate to summer adjustments in your choice channel, it has become more difficult toCount on our favorite retailers lately. Large companies and small ones had to reduce their operations and close various locations for several reasons, from difficulties to foreign disputes to record inflation. Now, a popular clothing company takes an ax in more than 100 stores. Read more to find out which retailer has just announced mass store closings.

Read this then:This emblematic clothing chain closes stores, from today.

While many companies have closed stores here and there, others have made greater movements. In April, Rite Aid revealed that he was planning toClose a total of 145 stores, which is 82 more locations that buyers were already expecting to lose when the company announced for the first time in December 2021 that it would close the stores in 2022. The popular pharmacy chain said it would get rid of the "Non -profitable stores" to help "considerably reduce costs" for the company.

And just this month, Chico confirmed that the company planned to close aTotal 40 stores During exercise 2022 - which will include "underperforming the boutiques of the Black Chico and White House market based on the shopping center".

Another clothing company now houses more than 100 locations.

Nike has just announced that hewill come out The Russian market entirely by permanently closing all of its brick and mortar stores in the country, Reuters reported on June 23. This news comes only three months after the clothing companytemporarily closed All its stores in Russia and have purchased goods on its website and application unavailable for the country in early March.

"Nike has made the decision to leave the Russian market," the company said in a media statement. "Our priority is to make sure that we fully support our employees while we are responsible for our operations in the coming months."

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According to CNN, Nike haspublished a note On its official Russian website, telling consumers that its website and its mobile application will no longer be available in this region "and that its" will not reopen "stores. This decision should have an impactOver 100 stores For the company, Nike operated around 116 locations in Russia in March 2022, byWall Street's journal. It was also reported in May that the company had chosen not to renew agreements with the inventive retail group (IRG), its largest franchisee in Russia, which operated 37 Nike brand stores in the country, according to Reuters.AE0FCC31AE342FD3A1346EBB1F342FCB

But despite the large number of stores affected, this decision should not have an impact on the company largely. During a call for results in the third quarter in March,Matthew Friend, The Nike financial director, said that the company's activities in Russian and Ukraine represented less than 1% of the total turnover of the retailer - ensuring that the exit of Nike "largely symbolic rather than material" , explained Reuters.

After the invasion of Ukraine by Russia in February, hundreds of companiesreduce or close Their operations in Russia this year when the war continues, according to Bloomberg. Nike is hardly the only American company that decided to leave Russia. In May, McDonald's and Starbucks confirmed that they would end all their operations in the country.

McDonald's temporarilyClosed its 847 restaurants In March, before announcing two months later that he would sell all of his restaurant portfolio in Russia to a local buyer who would no longer be able to use the name, logo, brand or menu of the menu McDonald's,Wall Street's journal reported. "We have a commitment to our global community and must remain firmly in our values", "Chris KempczinskiSaid the director general of McDonald's, in a statement at the time.

And in May, Starbucks announced that it permanently closed its 130 stores in Russia after having also suspended operations for the first time in March. The popular coffee chainhad been a presence in the country for 15 years after the first opening in Russia in 2007, according to Wall Street's journal .

Read this then: This emblematic chain of restaurants has just closed its last location .