H&M to shut 170 of its stores world­wide

The Daily Telegraph - Business - - Business -

Fash­ion gi­ant H&M says it will shut 170 stores across Europe, quicker than an­tic­i­pated, be­cause of coro­n­avirus. Sales fell by a quar­ter in June as it was still af­fected by the im­pact of Covid-19 and lock­downs in key coun­tries. It did not say if the clo­sures would af­fect its 300 stores in the UK. It also plans to open 130 this year in new lo­ca­tions.

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