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H&M Group takes steps to exit Russia

H&M Group takes steps to exit Russia – H&M Group

18.7.2022 — As communicated on March 2, 2022, H&M Group paused all sales in Russia. Given current operational challenges and an unpredictable future, …

Russians visit H&M for last time as retailer closes stores for …

Russians visit H&M for last time as retailer closes stores for good | Reuters

3.8.2022 — A company spokesperson in July said H&M would temporarily reopen physical stores in August to sell the remaining inventory in Russia. H&M, the …

Russians visited H&M’s flagship Moscow store for the last time on Wednesday before the world’s No.2 fashion retailer closes all its stores in Russia for good, after a stock sale that lasted for almost four months.

Russians flock to H&M as fashion retailer opens stores …

Russians flock to H&M as fashion retailer opens stores to sell inventory | Reuters

27.1.2023 — H&M blamed high clothes prices, its exit from Russia and a cost-cutting programme for an unexpectedly large collapse in its earnings as the …

A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a final time to sell inventory before making a full exit from the Russian market.

Swedish Clothing Giant H&M Shutters Last Stores in Russia

Swedish Clothing Giant H&M Shutters Last Stores in Russia – The Moscow Times

“114 out of 146 H&M stores have been closed as of today,” the press service … H&M, which has been operating in Russia since 2009, previously announced its …

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive withdrawal from both countries due to the invasion of Ukraine. After ceasing sales in Russia in March following Russian troops being ordered into Ukraine, H&M announced in July that it would withdraw from Russia at a cost of 2.1 billion Swedish kronor ($205 million). “The H&M group’s operations in Russia and Belarus were wound up during the quarter, with the remaining stock being sold off and the last stores having closed on 30 November,” the group said in a statement.

H&M closes last stores in Russia – The Local Sweden

H&M closes last stores in Russia

H&M Russia | VK | 686093 подписчика. 10710 записи.

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive withdrawal over the Ukraine conflict.

H&M hit by closure of Russia business and surging costs

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H&M profits tumble after Russia exit and soaring costs

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication

H&M to close flagship store in Russia at end of month — retailer

H&M to close flagship store in Russia at end of month — retailer – Business & Economy – TASS

“114 out of 146 H&M stores have been closed as of today,” the press service said