Stock Market News

Russian e-commerce firm Ozon launches own clothing brand

2022.07.29 18:53

Russian e-commerce firm Ozon launches own clothing brand
FILE PHOTO: A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina/File Photo/File Photo

(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.)

MOSCOW (Reuters) – Russian e-commerce firm Ozon said on Friday it was tapping into the online fashion market by launching its own brand of clothing.

Clothes will be sold under the “Hola” label and produced by manufacturers in Russia, Uzbekistan, Turkmenistan and China, Ozon said.

It said that the brand is focusing on women’s and children’s wear at the moment but plans to expand its offering in the future.

“About 30 items of clothing are now being sold under the brand, but by autumn the range will exceed 300 items,” the company said.

The launch of the brand comes as foreign clothing companies like H&M plan to exit Russia after Moscow sent tens of thousands of troops into Ukraine on Feb. 24.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 63,861.11 0.60%
ethereum
Ethereum (ETH) $ 2,628.62 0.42%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 596.77 1.16%
solana
Solana (SOL) $ 150.99 3.11%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.59087 0.46%
staked-ether
Lido Staked Ether (STETH) $ 2,627.50 0.40%
dogecoin
Dogecoin (DOGE) $ 0.109923 0.69%
the-open-network
Toncoin (TON) $ 5.71 2.20%
cardano
Cardano (ADA) $ 0.382892 3.59%
tron
TRON (TRX) $ 0.150788 1.00%
avalanche-2
Avalanche (AVAX) $ 27.84 0.54%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,095.08 0.52%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,579.03 0.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.75%
chainlink
Chainlink (LINK) $ 12.32 7.13%
weth
WETH (WETH) $ 2,627.85 0.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 348.25 1.29%
polkadot
Polkadot (DOT) $ 4.68 1.83%
near
NEAR Protocol (NEAR) $ 5.24 0.42%
dai
Dai (DAI) $ 1.00 0.02%
leo-token
LEO Token (LEO) $ 5.72 2.71%
uniswap
Uniswap (UNI) $ 6.90 0.44%
litecoin
Litecoin (LTC) $ 66.50 0.38%
sui
Sui (SUI) $ 1.72 12.45%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.68 0.57%
internet-computer
Internet Computer (ICP) $ 9.27 2.35%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,751.93 0.41%
bittensor
Bittensor (TAO) $ 568.32 3.79%
aptos
Aptos (APT) $ 8.24 3.29%
kaspa
Kaspa (KAS) $ 0.162057 0.38%
pepe
Pepe (PEPE) $ 0.000009 2.34%
monero
Monero (XMR) $ 169.02 1.48%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.28%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.40989 0.93%
blockstack
Stacks (STX) $ 1.95 1.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.45 1.82%
stellar
Stellar (XLM) $ 0.096747 0.50%
immutable-x
Immutable (IMX) $ 1.76 0.02%
ethena-usde
Ethena USDe (USDE) $ 0.999612 0.01%
aave
Aave (AAVE) $ 167.00 0.63%
render-token
Render (RENDER) $ 6.17 0.62%
okb
OKB (OKB) $ 39.96 0.10%
crypto-com-chain
Cronos (CRO) $ 0.08633 1.60%
filecoin
Filecoin (FIL) $ 3.94 3.78%
hedera-hashgraph
Hedera (HBAR) $ 0.059765 4.58%
arbitrum
Arbitrum (ARB) $ 0.618023 3.06%
injective-protocol
Injective (INJ) $ 21.65 2.26%
optimism
Optimism (OP) $ 1.74 3.66%