×
2 908
Fashion Jobs
HARRODS
Food Supply Assistant Manager
Permanent · LONDON
HARRODS
Buyers Clerk Fashion Buying
Permanent · LONDON
HARRODS
Senior Buyers Clerk - Non Fashion Buying
Permanent · LONDON
HARRODS
Senior Buyers Clerk - Fashion Buying
Permanent · LONDON
HEAD OFFICE
CRM Manager, Financial Services
Permanent · LONDON
HEAD OFFICE
Senior CRM Executive, Financial Services
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELMSFORD
JOHN LEWIS
Stock Coordinator
Permanent · KINGSTON UPON THAMES
HEAD OFFICE
Technical Services Compliance Manager
Permanent · BRACKNELL
PRETTYLITTLETHING
Merchandising Manager - 12m Ftc
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Boots Rochdale- 15h/Week - Part Time, Permanent
Permanent · Rochdale
SELFRIDGES
Sales Manager - Beauty
Permanent · BIRMINGHAM
BOOHOOMAN
SEO Manager
Permanent · MANCHESTER
AESOP
Cybersecurity Operations Manager UK
Permanent · London
BOOHOOMAN
Senior CRM Executive
Permanent · MANCHESTER
HARRODS
Buyers Clerk (Food)
Permanent · LONDON
JOHN LEWIS
Brand Experience Manager
Permanent · HIGH WYCOMBE
JOHN LEWIS
Section Manager – Training
Permanent · MILTON KEYNES
SUPERDRY
Internal Audit Manager
Permanent · CHELTENHAM
ESTEE LAUDER
Clinique - Consultant - Selfridges, London - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Londres
ESTEE LAUDER
Tom Ford Beauty - Product Manager (Fragrance)
Permanent · Londres
ESTEE LAUDER
The Estée Lauder Companies - UK dc Warehouse Operative – Goods in (Tuesday-Friday 06:00 - 14:00 & Saturday 08:30 – 16:30)
Permanent · Fareham
Ads
By
Reuters
Published
Aug 2, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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

By
Reuters
Published
Aug 2, 2022

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.


H&M



Scores of consumer brands suspended operations in Russia after Moscow sent tens of thousands of troops into Ukraine on February 24, with H&M, IKEA and Nike among the companies to have announced plans for a permanent exit.

“Well, it is closing, that’s why we are standing here,” one customer, Irina, told Reuters. “I’m going to buy whatever there is.”

“Sadly, the reason why all this is happening is awful,” another customer, Ekaterina said. “Everything else is meaningless, like how we are going to manage [without H&M].”

Furniture giant IKEA has reopened for an online-only sale, but H&M opted to allow customers back in person. Exiting Russia, H&M’s sixth-biggest market, is expected to cost the company almost $200 million and affect 6,000 staff.

H&M did not immediately respond to a request for comment on Tuesday.

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 world’s second-biggest fashion retailer, rents its 170 physical stores in the country and operates them directly.

© Thomson Reuters 2022 All rights reserved.