World
Posted: 3 months ago

H&M Suspends Sales in Russia

H&M temporarily paused its sales in Russia, joining a list of companies shunning the country after Russia invaded Ukraine. 

According to CNN, the official webpage of Swedish fashion group is currently unavailable for Russian customers. Russia is the 6th largest market for H&M's. 4% of retailer sales in the fourth quarter of 2021 came from Russia.

H&M has 150 brand stores in Russia.