H&M store closings, to focus online
By Mary Hanbury for Business Insider on 26 06 2020
H&M announced it is closing 170 stores in 2020, 40 more than it had originally planned after reporting a 50% drop in net sales during the second quarter of 2020. It is speeding up the pace of store closings as it shifts focus to its online business to reflect changing consumer shopping habits in the wake of the coronavirus pandemic.
article: H&M speeds up store closings in 2020 and shifts focus to online shopping
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