One of the largest chains of children's goods in Russia is on the verge of bankruptcy

The Russian children's goods chain "Korablik" is facing the risk of bankruptcy due to financial difficulties and claims from creditors.

This was reported by "Kommersant."

The company’s main legal entity may once again face bankruptcy proceedings due to claims from the creditor “Krok Incorporated.”

The retailer’s financial condition deteriorated sharply after the start of the full-scale war against Ukraine. The company’s revenue fell from 13.2 billion rubles in 2019 to approximately 1 billion in 2023. In addition, about 70 lawsuits totaling nearly 360 million rubles have been filed against the company.

In 2024, Korablik closed all its stores, partially relaunching the business under a new brand. Currently, only 11 locations remain open, most of which are in Moscow.

Experts note that the chain could not withstand the debt burden, falling demand, and competition from online marketplaces.

At the same time, the entire children’s goods industry in Russia is in decline. Due to a falling birth rate and a shift in consumer behavior toward frugality, sales in 2025 decreased by 8%. The categories of arts and crafts supplies and toys saw the sharpest declines.

After three years of unexpected economic growth, Russia is facing a sudden slowdown—war expenses, inflation, and falling oil prices have begun to weigh on an economy that until recently seemed resilient to sanctions.

Consumer lending in Russia has fallen to a six-year low.