Russian clothing brands plug gap left by Western rivals – Reuters

  • Date: 31-May-2023
  • Source: Reuters
  • Sector:Retail
  • Country:UAE
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Russian clothing brands plug gap left by Western rivals – Reuters

[1/2] People line up to enter an H&M store, which was reopened to sell the remaining stock before the company exits the Russian market, in Moscow, Russia August 2, 2022. REUTERS/Maxim Shemetov

MOSCOW, May 31 (Reuters) - Russian designers and brands are helping the retail sector gradually recover from a turbulent 15 months of store closures and slumping demand, with new labels plugging the gap left by foreign rivals and shoppers tentatively returning.