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Gloria Jeans to replace H&M flagship store in Moscow

Business in Russia by Business in Russia
in New projects
Gloria Jeans to replace H&M flagship store in Moscow
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The brand will open in the Actor Gallery complex on Tverskaya

Gloria Jeans won a tender to open a store in the Akter Gallery shopping complex at the corner of Tverskaya Street and Pushkinskaya Square in the center of Moscow. Previously, there was a flagship H&M store there, TASS writes, citing a source of commercial real estate on the market.

The new Gloria Jeans store will be the largest in the retailer’s network. It will be located on three floors, its total area will be almost five thousand square meters.

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The Japanese brand Uniqlo decided to suspend its activities in Russia. Earlier, the company said that they would not leave the Russian market

“The opening of a store in the Akter Gallery will help Gloria Jeans, which is already the leader in its segment today, to qualitatively increase its consumer audience, and its location on the central shopping street of the city will provide additional marketing potential for brand recognition,” emphasized the director of the street direction. -retailer NF Group Irina Kozina.

According to a TASS source, the opening of the store is scheduled for spring.

What else is known:

Earlier it was reported that Stockmann could rent premises in the Actor Gallery complex. Yes, we want to open [универмаг]. A good place, we are waiting for the landlord’s decision, ”said Gennady Levkin, General Director of Stockmann department stores, in early December.

What is important to know:

Gloria Jeans has over 680 retail stores in Russia, Belarus and Kazakhstan. In 2022, the company’s revenue increased by 15% compared to the previous year and amounted to 70 billion rubles.

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H&M used photos of Bieber in the collection without the consent of the singer

The H&M flagship store opened at Akter Gallery on Tverskaya in May 2017. In the summer of 2022, the network announced the termination of work on the Russian market.

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