Stock market ‘pretty bearish overall,’ strategist says

Reuters

Factbox-Companies count the cost of ditching Russia

It also said Ukraine could pose a risk to sales of up to 250 million euros ($264 million), or about 1% of the group total in 2021. Fourth-quarter results of LPP, Poland’s biggest fashion retailer, were hit with a 335 million zloty ($75.4 million) writedown, covering closure of its stores in Russia. In 2021/2022, Russia was LPP’s second-biggest market after Poland, constituting 19.2% of its full-year sales revenue.