Russia'S Rouble Ruble Plummeted Many Clothing Brands To Stop Supplying Russia

Russia's ruble has depreciated considerably.

It has been decided to suspend supplies to Russia.

Intek, BNS group and other suppliers in Russia's main clothing and footwear suppliers announced that, due to the recent ruble collapse, the company decided to end the end of 2014, and in the first week of 2015, suspend the supply of brand clothing shoes and hats to Calvin, Klein, Armani jeans and TOPSHOP to the Russian market. The internal price will be re negotiated according to the current exchange rate and rouble fluctuations.

This leads to the lack of fashionable clothes in the Russian market in 2015.

At the same time, some Russian buyers who have ordered to Chinese suppliers believe that the exchange rate between the US dollar and the euro is very unreal. We must wait for the rouble rebound first, and now we can only postpone payment of the order.

From the recent reports of Russian media, the newspaper claims that, due to the serious devaluation of the rouble, the world famous clothing manufacturers, including Zara, Oysho and Bershka of Spain's famous clothing brand Inditex, and the BNS group holding the Calvin Klein, Armani, Michael Kors and Topshop sales network, have decided to suspend supplies to Russia.

Retailers said that Inditex provided the last shipment to Russia on 17 December 2014, and there is no news of any new supply.

Dennis Paucardelev, general manager, told the newspaper that the company would delay delivery to Russian purchasers from the end of 2014 to the first week of 2015.

And its fast fashion brands, which are sold in Topshop stores, continue to stop supplying Russia.

Another clothing seller who entered the Russian market ten stores also announced to the newspaper that, according to past practice, the sales network had purchased clothing for the summer of 2015, and has now scheduled 2015-2016 winter clothing.

But it can not be done at the moment.

"No one knows what exchange rate will follow up," the retailer explained.

He said that the balance was not paid, and the supplier understood it.

"Because the exchange rate between the US dollar and the euro is not true, most Russian suppliers are waiting for the rouble rebound," he said.

Kria Planstinina and Lublu operators have stopped purchasing new products from suppliers and discussed new terms of cooperation with suppliers.

At the same time, Sela is currently conducting a series of price negotiations.

Sales representatives say that some retailers have abandoned the Chinese products ordered.

Another employee of the market explained: "as the ruble's depreciation, the retailer increased the price by 23% in November, which immediately had a negative impact on sales and had to go back to the original sales price."

Retailers and experts predict that in the coming year, Russia will be short of fashionable clothes, with only monotonous clothes.

"In Russia in 2015, there will be no clothes that are as colorful and fashionable as they used to be, just some single style clothes," Paul Card Lev explained to him.