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Puma says deliveries stopped to Russia but stores open

Published 03/02/2022, 11:58 AM
Updated 03/02/2022, 12:02 PM
© Reuters. FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016.   REUTERS/Leonhard Foeger/
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BERLIN (Reuters) - German sportswear company Puma said on Wednesday that deliveries to Russia have been stopped but its 100 stores in the country are open.

© Reuters. FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016.   REUTERS/Leonhard Foeger/

Russia and Ukraine accounted for less than 5% of Puma's revenues in 2021, a spokesperson said.

Rival Nike Inc (NYSE:NKE) has made purchases on its website and app unavailable in Russia as it cannot guarantee delivery of goods to customers in the country.

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