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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.