THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Omnichannel Futures 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
H&M Shuts one in five stores to slash costs

Swedish clothing chain H&M has quietly closed one in five of its shops in the UK according to reports. The fashion giant has closed 56 stores… View Article

FASHION RETAIL NEWS UK

H&M Shuts one in five stores to slash costs

Swedish clothing chain H&M has quietly closed one in five of its shops in the UK according to reports.

The fashion giant has closed 56 stores since its peak in the months before the pandemic struck. The Ipswich branch of H&M has confirmed that it will be closing its doors before Christmas.

It leaves the H&M brand with 192 outlets here, as many town centres struggle to attract shoppers.

The cut follows a series of announcements from famous retail groups about slashing shop numbers.

Marks & Spencer said last month it would close 67 of its 247 larger locations within the next five years.

John Lewis has shut 16 outlets since Covid struck and Mike Ashley’s House of Fraser closed its iconic London flagship earlier this year.

Subscribe For Retail News