Why H&M Plans To Close Select Stores

Source: SOPA Images / Getty
Sales are down at a lot of retail stores and it’s forcing many of them to close. H&M saw a decline in sales over the past several months and has decided to do something about it. According to High Snobiety, the retailer will close 170 stores this year.
H&M will put more money into online sales as well as digital inventory-tracking technology. Reports show that the company has seen the biggest drop in sales in the last six years recently. Although the company has decided to close stores they will also be opening 390 new ones to sell different type of labels.
RELATED: Parents Of The Child Who Modeled H&M “Monkey” Hoodie Speak Out In First Interview [VIDEO]
RELATED: H&M’s South African Stores Shut Down After Protests Over “Monkey” Hoodie
RELATED: GRIFF’s Prayer: Jesus Help Me To Lose Weight So I Can Wear Different Clothes [VIDEO]
The Latest:
- Love Island Winners Amaya and Bryan Unfollow Each Other: Is It Over?
- Kendrick Lamar Pops Out at Clipse Show for “Chains & Whips”
- Gov. Moore Fires Back As Trump Threatens Baltimore Troops And Key Bridge Funds
- B-Side Bangers: Aaliyah
- 10 Rising Black Women In Comedy You Should Absolutely Be Watching
- Tyler, The Creator, Childish Gambino & Doechii To Headline Camp Flog Gnaw 2025
- I Got Questions: Bonus Time With Ghostface, Big Daddy Kane
- Howard University President Ben Vinson III Steps Down
- Cardi Seemingly Responds To Rumors She’s Pregnant Again With Cryptic Tweet After Slamming Suspicious Fans On IG Live
- Mariah Carey to Receive Vanguard Award at 2025 VMAs
- Urban One Radiothon For St. Jude Kids Raises $1.6 Million
- The 50 Hottest, Flyest & Sexiest Looks from Beyoncé’s ‘Cowboy Carter’ Tour
- Rest In Power: Notable Black Folks Who We’ve Lost In 2025
- US Embassy Official Told Trump’s South African Refugee Program Is For White People Only, New Report Says
- Celebs Who Turn 50 This Year