H&M Will Close the Last Stores in Russia by the End of the Year

Swedish retailer H&M continues the process of withdrawing from Russia. At the moment, more than half of its stores in the country are closed, and the rest of the stores will be closed by the end of the year.

H&M suspended all sales in Russia at the beginning of March. In mid-July, the retailer announced that it would wind down its operations in Russia.