OSTIN and Gloria Jeans are closing hundreds of stores due to falling sales.

OSTIN and Gloria Jeans are closing hundreds of stores due to falling sales.

      Immediately, hundreds of stores are closing O'STIN, Gloria Jeans, and other retailers against the backdrop of falling sales. For retailers, last year was the toughest in recent years, said Zulfiya Shilyaeva, head of the CMWP commercial real estate department, to Izvestia. Thus, O'STIN closed 2.6 times more locations than in 2024; Gloria Jeans has closed at least 100 locations in the last two years, writes Shopper’s. According to RBC, in 2026 GJ will close another 150 stores. In addition, the chains plan to significantly reduce staff: "Snow Queen" has already laid off 14% of its entire workforce, Kari - 12%, "Sportmaster" - 5%, Gloria Jeans - 5.7%, O'STIN - 15%, writes 66.Ru. Earlier, we reported that mass layoffs at Russian Railways reached the Sverdlovsk region.

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OSTIN and Gloria Jeans are closing hundreds of stores due to falling sales.

Immediately, hundreds of stores are closing, including O'STIN, Gloria Jeans, and other retailers amid falling sales. For retailers, last year was the hardest in recent years, said Zulfiya Shilyaeva, head of the commercial real estate department at CMWP, to Izvestia.