the.com/h and m
H&M is closing 128 stores globally as it shifts toward omnichannel retail while expanding into new markets like Mexico. The Swedish retailer's profits missed forecasts as inflation pressures European consumers, though it continues launching new product lines and acquiring shares.
what's happening
·128 store closures underway as part of omnichannel growth strategy
·Profits miss forecast amid inflation squeezing European shoppers
·& Other Stories brand arriving in Mexico this fall
·Chairman-linked investor buying 3.6 million shares in early July
·New summer collection and designer-inspired pieces launched
drawn from Yahoo Finance, British Vogue, Who What Wear, FashionNetwork USA · updated 6h ago