Categories
Business

H&M is closing 250 stores next year because of the coronavirus pandemic

H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing is closing 250 stores next year because of the coronavirus pandemic, as people increasingly shop online. Hennes & Mauritz AB has 5,000 stores worldwide, so Thursday’s announcement accounts for 5% of its total store count. “More and more customers started shopping online during […]