H&M to shut 170 stores globally this year

H&M sign

H&M will close 170 stores across its stable of brands by the end of this year in reaction to the coronavirus pandemic and its knock-on effect of fashion sales.

It is not clear how many of H&M’s 300-strong UK store estate will be included in the cull.

H&M’s accelerated store closure plan comes as the business reported that sales in June had fallen by a quarter as a result of ongoing store closures and a subsequent fall in customer appetite to visit stores.

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