Retail Shockwave: H&M Kills Brand, Closes 136 Stores in 6 Months! What’s Next NOW?
Did you know a major fashion retailer is shrinking dramatically, even while claiming improved profitability? Veteran brand H&M has closed over 600 stores since 2022, including 136 in just the last six months, in a strategic move against fierce digital rivals like Shein and Temu. This massive shift even saw the complete discontinuation of its Monki brand, with products transitioning to Weekday. Despite a slight sales decrease, H&M's CEO maintains the company is on track for sustainable growth by improving profitability and inventory management. Stay informed on the ever-evolving retail landscape; subscribe to our channel for more business insights.
Tags/Hashtags: #monki #weekday #shein #temu #monki #weekday #shein #temu
Leave a Reply