MOSCOW — Russians are snapping up Western style and furnishings this week as H&M and IKEA sell off the last of their stock in Russia, moving forward with their exit from the nation after it sentout soldiers into Ukraine.
Sweden-based H&M and Netherlands-based IKEA had stoppedbriefly sales in Russia after the military operation started and are now looking to discharge their stocks of clothes and homefurnishings as they wind down operations there, stating the future is unforeseeable. IKEA’s sales are online just, while the H&M shop at the Moscow shopping shoppingcenter Aviapark saw a consistent stream of young buyers Tuesday.
The racks and racks were well equipped in the clothes seller. Nearby stores were closed, consistingof Zara, Oysho, Bershka, Pull&Bear and Uniqlo, while New Yorker, Finn Flare, Marks & Spencer and Mango were open.
“I will start looking at Russian brandnames,” one H&M buyer, who provided just her veryfirst name Anya, stated after emerging from the shop. Another buyer, who just offered his name as Leonid, stated he was “very hurt” that H&M is closing down: “A great shop is leaving.”
Both business are laying off staffers as they scale down company in Russia. H&M stated Tuesday that 6,000 employees will b