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Key figures of the H&M Group in Russia as of July 2022, by indicator

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Sources

Release date

July 2022

Region

Russia

Survey time period

as of July 2022

Supplementary notes

The statistic has been compiled from several sources.
The revenue, number of stores, and employee count were obtained from the . The revenue figure was converted from SEK to USD using the average exchange rate from December 1, 2020 to November 30, 2021, which stood at 0.11079.

The cost of leaving the Russian market and the employee count affected were obtained from . Reuters used the USD to SEK exchange rate of 10.4543.

The share of Russia in the H&M Group's revenue in Q4 2021 and Russia's position in global sales of the group was obtained from .

The revenue includes online sales.

Citation formats

Key figures of the H&M Group in Russia 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Jul 22, 2022
The Swedish clothing retail H&M Group estimated its cost from withdrawing from the Russian market at over *** 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 *** million U.S. dollars in Russia. That was the highest revenue since 2009, when the company entered the market.
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H&M GroupApparel market in the U.S.Apparel market in the UKApparel market in EuropePrimark
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