Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
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Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)

Chic and adventurous models and couturiers have been spread all over the Russian capital for Moscow Fashion Week, flaunting their designs in venues ranging from a sprawling Stalin-era propaganda exposition to a large park near the Kremlin admired for its innovative features.

More than 100 shows are being held during the week that began Monday as well as scores of speakers who are noted names in the Russian fashion industry.

Among the major names showing their clothes are Slava Zaitsev and Valentin Yudashkin.

The center of the action has been Zaryadye park, built where the vast and unwelcoming Hotel Rossiya once stood just east of the Kremlin and St. Basil’s Cathedral. The park’s most famous feature is an elliptical ramp that juts out over the Moscow River, an epic catwalk for models.

Many other shows are being held in VDNKh, built to show the “people’s economic achievements” and renowned for its array of elaborate Stalinist architecture. In one of the week’s memorable images, models in up-to-the-minute couture sauntered past the huge Friendship of People’s fountain that features golden women in idealized peasant dress.

The shows take place amid the pressures of increased sanctions against Russia because of fighting in Ukraine and the withdrawal of many foreign businesses. But designer Yulia Skalatskaya said her work is thriving nonetheless.

“I experienced some difficulties, but at the same time, to be honest, our sales have grown,” she said. “If you work well, if you make good collections then you’ll have more clients. If you only rely on the fact that some brands have left and someone’s place has been vacated, nothing will change only because of them leaving. You need to work.”



UK's JD Sports Warns on Profit in 'Challenging' Market

A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
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UK's JD Sports Warns on Profit in 'Challenging' Market

A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo
A logo is seen outside the newly renovated JD Sports store at Westfield Stratford City in London, Britain, July 30, 2024. REUTERS/Hollie Adams/File Photo

British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity at competitors hurt sales, and it warned the outlook was "cautious".
Shares in JD plunged 12% in early deals to a near five-year low of 84 pence, Reuters reported.
JD Sports, which has over 4,500 stores globally, said underlying revenue fell 1.5% in November and December in what it called a "challenging and volatile market".
It cut its profit forecast by as much as 40 million pounds ($48.9 million), or 4%.
The stock had already lost 27% of its value in the last three months on worries about consumer spending and amid a downturn in demand for Nike products, which account for about 45% of JD's sales.
"Market headwinds were higher than we anticipated," Chief Executive Régis Schultz said in a statement on Tuesday. "With these trading conditions expected to continue, we are taking a cautious view of the new financial year."
Peel Hunt analysts said JD's strategy of not discounting to match competitors was the right one.
"The long-term strategy is correct, and JD will continue to lead the market, but we must rein in short-term hopes," they said, adding that JD will benefit from any recovery at Nike.
Nike has warned its turnaround will be a slog after it lost ground in recent years to rivals, including Roger Federer-backed On and Deckers' Hoka, which have lured consumers with fresher and more innovative styles.
JD said while trading during December was stronger, November dragged, and for the 12 months to the beginning of February it expected pretax profit before adjusted items to come in between 915 million and 935 million pounds.
Its previous lower end of guidance had been 955 million pounds. It made 917.2 million pounds in its 2023/24 year.