H&M's Q3 income tumbled nearly 90%

By Agence France-Presse

Sep 30, 2022 12:01 am

STOCKHOLM: Swedish fashion retailer H&M reported on Thursday a sizeable drop in its third-quarter profit following its decision to leave the Russian market.

The world's No. 2 clothing group is among a slew of Western companies that have exited Russia following Moscow's invasion of Ukraine on February 24.

This April 2, 2020 file photo shows shoppers walking past an H&M store in Sweden’s capital Stockholm. AFP PHOTO

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