The H&M flagship store on Tverskaya Street in Moscow will close on November 30, the company has confirmed. In total, H&M closed 80% of its stores in Russia.
“At the moment, 114 out of 146 H&M stores in Russia are closed,” the retailer’s press service told TASS.
H&M suspended sales in Russia in early March. In mid-July, the company began to curtail its activities in Russia. As part of the liquidation process, the retailer opened stores to sell off the remaining inventory. H&M intends completely withdraw from Russia before the end of the year.