H&M will close 20 stores in Russia until the end of October

H&M will close 20 stores in Russia until the end of October


The retailer H&M plans to close about 20 of its outlets in Siberia and the Far East by the end of October, two sources told Kommersant in the retail real estate market. The retailer will also move away from less profitable stores in small towns in central Russia.

As one of Kommersant's interlocutors clarified, in the central part of the country, H&M will curtail business gradually, starting with the closure of the least profitable stores. The H&M press service has not yet commented on this information. According to experts, the process of changing the tenant in the shopping center may take a year.

Details - in the material "Kommersant" "H&M Coming".



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