H&M Close Down 250 Store Worldwide By Next Year in 2021
H&M has announced that it will shut down 250 stores worldwide in 2021 due to the pandemic with around 5,000 stores worldwide. This closure will roughly affect 5% of its total store counts.
This news which is same as among other clothing brands where they are closing some of their store overseas including GAP, Guess, La Senza, Aldo, Muji, and Zara.