{"id":10267,"date":"2020-06-29T19:45:01","date_gmt":"2020-06-29T11:45:01","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=10267"},"modified":"2020-06-29T20:07:50","modified_gmt":"2020-06-29T12:07:50","slug":"hm-store-closing-170-stores-due-to-pandemic-earlier","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/","title":{"rendered":"H&M Store Closing 170 Stores Due to Pandemic Earlier"},"content":{"rendered":"

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H&M Store Closing 170 Stores Due to Pandemic Earlier<\/p>\n

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H&M, one of the fashion retail giant has announced that they will close down 170 stores in 2020. This is due to the 23% net decrease in sales for the first half-year and a 50% decrease in sales in the 2nd quarter. The decrease in sales are affected badly by the Covid-19 situation, especially in the 2nd quarter.
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\nThe record of loss is being reported around 6.5billion Swedish krona (S$970 million) after announced by the reorganizing plan structure of their current brand position.<\/p>\n

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H&M CEO Helena Helmersson said that the company has since refocused its efforts on e-commerce sales as it continues to reopen back new stores, while at the moment, 350 stores will remain closed while some are operating under local restrictions and reduced hours.<\/p>\n

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Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

H&M Store Closing 170 Stores Due to Pandemic Earlier H&M, one of the fashion…<\/p>\n","protected":false},"author":6,"featured_media":10274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65],"tags":[1507],"yoast_head":"\nH&M Store Closing 170 Stores Due to Pandemic Earlier - Singapore EverydayOnSales News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H&M Store Closing 170 Stores Due to Pandemic Earlier - Singapore EverydayOnSales News\" \/>\n<meta property=\"og:description\" content=\"H&M Store Closing 170 Stores Due to Pandemic Earlier H&M, one of the fashion…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/\" \/>\n<meta property=\"og:site_name\" content=\"Singapore EverydayOnSales News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sgeverydayonsales\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-29T11:45:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-29T12:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/06\/Due-to-Pandemic-Earlier.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sgeons\" \/>\n<meta name=\"twitter:site\" content=\"@sgeons\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#organization\",\"name\":\"EverydayOnSales Singapore\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/sgeverydayonsales\",\"https:\/\/www.instagram.com\/sgeverydayonsales\/\",\"https:\/\/twitter.com\/sgeons\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2019\/08\/SG-EverydayOnSales.jpg\",\"contentUrl\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2019\/08\/SG-EverydayOnSales.jpg\",\"width\":400,\"height\":400,\"caption\":\"EverydayOnSales Singapore\"},\"image\":{\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#website\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/\",\"name\":\"EverydayOnSales Singapore News\",\"description\":\"Trending news for Singapore\",\"publisher\":{\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sg.everydayonsales.com\/news\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/06\/Due-to-Pandemic-Earlier.jpg\",\"contentUrl\":\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/06\/Due-to-Pandemic-Earlier.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/#webpage\",\"url\":\"https:\/\/sg.everydayonsales.com\/news\/10267\/hm-store-closing-170-stores-due-to-pandemic-earlier\/\",\"name\":\"H&M Store Closing 170 Stores Due to Pandemic Earlier - 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