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H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising
H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising The number of stores H&M is closing keeps going up. On Thursday, Oct. 1, the company said it plans to close 250 H&Ms next year. This is up from the 170 store closures for next year the fast-fashion retailer announced in June. And it’s even more than the 130 shops, H&M predicted in February it would need to close to make ends meet. H&M management blamed COVID-19 restrictions and the ensuing shift to online shopping among consumers as reasons to close. "More and more customers started shopping online during the pandemic," following temporary store closures that, at its peak,…

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by Kristin Palpini