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Birmingham Post
Birmingham Post
Business
Jon Robinson

JD Sports stops Russia sales after invasion of Ukraine

JD Sports has ceased all trading in Russia following the country's invasion of Ukraine.

The move by the Greater Manchester-headquartered company follows similar actions by the likes of Boohoo, Bentley and Next.

In a statement issued to the London Stock Exchange, the business said it was "shocked and deeply concerned" by the invasion.

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It added that its sales in Russia amounted to less than 0.05% of its annual revenues.

The JD Sports statement said: "Everyone at JD is shocked and deeply concerned by Russia's invasion of Ukraine and expresses the utmost sympathy for all Ukrainians.

"JD confirms that it has ceased all trading in Russia across both its brand websites and wholesale channels. These sales represented less than 0.05% of annual revenues.

"JD also confirms that it has no facilities or employees in either Russia or Ukraine.

"In addition to many personal collections and activities from our colleagues across the Group, we will look to support those affected through our verified charity partners.

"The conflict in Ukraine continues to generate grave concern and we look forward to reconciliation and the return to peace within the region."

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