That was the highest revenue since 2009, when the company entered the market.
The Swedish clothing retail H&M Group estimated its cost from withdrawing from the Russian market at over 191 million U.S. dollars. After suspending sales in the country in March 2022 following the invasion of Ukraine that began a month prior, the company announced in July 2022 that it would completely leave Russia. In 2021, the group achieved a revenue of nearly 868 million U.S. dollars in Russia. Key figures of the H&M Group in Russia as of July 2022, by indicator
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Statista. (July 21, 2022). Key figures of the H&M Group in Russia as of July 2022, by indicator [Graph]. In Statista. Retrieved May 07, 2024, from https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/
Statista. "Key figures of the H&M Group in Russia as of July 2022, by indicator." Chart. July 21, 2022. Statista. Accessed May 07, 2024. https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/
Statista. (2022). Key figures of the H&M Group in Russia as of July 2022, by indicator. Statista. Statista Inc.. Accessed: May 07, 2024. https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/
Statista. "Key Figures of The H&m Group in Russia as of July 2022, by Indicator." Statista, Statista Inc., 21 Jul 2022, https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/
Statista, Key figures of the H&M Group in Russia as of July 2022, by indicator Statista, https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/ (last visited May 07, 2024)
Key figures of the H&M Group in Russia as of July 2022, by indicator [Graph], Statista, July 21, 2022. [Online]. Available: https://www.statista.com/statistics/1321845/key-figures-of-the-hundm-group-russia/