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BNS Group, the Russian distributor of Michael Kors Holdings Ltd. and PVH's Calvin Klein, replica michael kors bags is trying to limit price increases to maintain the level of same-store sales this year as the economy slides into recession.
Weaker ruble would push up prices, michael kors bags usa may boost revenue, clothing imports even if consumers buy fewer items, currency of Russia, according to BNS CEO Dennis Bogatyrev.
Ruble continued to decline this year, following last year's 46 percent slump against the dollar, the currency of about 170 tracked by Bloomberg after Ukraine's worst performance, inflation accelerated to a five-year high, and weakening consumer spending. michael kors bags discount Economy has been suffering from the oil, the country's largest export prices, and with the US invasion in President Vladimir Putin's influence in Ukraine and European sanctions.
"Large, key enterprises and international brands, have extensive distribution network will overcome the crisis and to grow," Bogatyrev responded in an email questioned. "Those who lack the focus, the company has a michael kors outlet houston high debt burden may have to exit the market."
Sales soared more than expected in December, as Russia eager to buy before the price of imported goods, respectively, michael kors black bags to adjust the ruble weakening, he said. BNS is now trying to get them back, according to Bogatyrev.