H&M Announces Temporary Closure Of 95 Stores In The US
H&M recently announced that it will temporarily close 95 stores in the United States. Affected by the increasingly severe retail environment in the US, H&M decided to temporarily close 95 stores in the United States. Although H&M chief executive said that the group is against racism and discrimination, it will strive to use its voice and influence to do its part. H&M brand stores in the United States have been smashed to varying degrees, resulting in incalculable losses.
The impact of the epidemic on H&M is undoubtedly serious. In the outgoing financial briefing issued in May (March 1st to May 6th), H&M60%'s stores were still closed, total sales fell 57% compared with the same period last year, and online sales increased by 32% over the same period last year. H&M sales in the Chinese market decreased by 32% compared with the same period last year, and Italy, Spain, France and the United States were the largest in the world.
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