- Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow's invasion of Ukraine.
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The U.S. sportswear maker had made merchandise purchases on its website and app unavailable in Russia earlier this week and directed its customers in the country to brick-and-mortar stores instead.
The latest decision covers both Nike-owned and -operated stores.
The company also said its foundation would be donating $1 million to the United Nations Children's Fund and the International Rescue Committee to support relief efforts.
Earlier in the day, U.S. off-price chain TJX Cos Inc said it would sell its 25% stake in Russian low-cost apparel retailer Familia, with two of its executives also resigning from their director and observer positions.