H&M closing 250 stores as sales move online
October 1, 2020
H&M plans to close around 250 of its stores next year. The fast-fashion retailer is seeing an increasing percentage of its total sales moving online as the novel coronavirus pandemic continues to affect the willingness of consumers to shop at brick-and-mortar locations. The retailer operates 5,000 stores worldwide and has not specified what markets will be affected by the store closures.
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