Daily LInks
1. Uniqlo Pressured to Halt Russia Sales After CEO Vows to Stay: As retailers and other multinationals pull out of Russia, Uniqlo vows to remain open. Russia has largest number of Uniqlo stores outside Asia. – Read More on Bloomberg
2. After unprecedented Russia boycotts, corporate boardrooms will face a much trickier, longer-term global end game: Is it a short-term pause; a demonstration of the greater, maybe lasting, influence of ESG in the C-suite; or a significant reshaping of corporate strategy and the economy around the theme of de-globalization? – Read More on CNBC
3. RELATED READ: As Brands Continue to Do Business in Russia, What About ESG? Continued business could raise issues from an Environmental, Social, and Governance (“ESG”) perspective with investors that may not look kindly on a business-as-usual approach as Russia escalates its attack on Ukraine. – Read More on TFL
4. Sneaker e-commerce platform Kicks Crew raises $6M Series A: The funding comes at a time when the global sneaker resale market is thriving, with an expectation to reach $30 billion by 2030. – Read More on TechCrunch
5. Luxury carmaker Ferrari suspends production of vehicles for Russian market: “Given the ongoing situation Ferrari has taken the decision to suspend the production of vehicles for the Russian market until further notice,” the Italian company said in a statement. – Read More on Reuters
6. Mastercard Feb Retail Sales Data Reflect Underlying Consumer Desire for Normalcy: The credit card giant’s research, which includes in-store and online shopping, showed the biggest annual advances were seen in Luxury (+55%), Apparel (+37%), Department Stores (+26%) and Jewelry (+22%). – Read More on PYMNTS
