		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Fashion giant H&;M has said it plans to shut 170 of its stores across Europe after accelerating closure plans in the face of coronavirus.</p>
<p>The company said that sales dived by a quarter in June as it was still weighed down by the impact of the pandemic and lockdowns in key regions.</p>
<p><!--Ads1--></p>
<p>Weekday, Monki, COS and other brands within the Swedish fashion group are also expected to be affected by the closure plans.</p>
<p>H&;M said in its second quarter report to investors that it increased its previous closure plans by around 40 after feeling the impact of the virus across Europe.</p>
<p>The group also intends to open 130 new stores elsewhere during the current year.</p>
<p>At the end of June, H&;M said that 350 of its stores, representing 7% of all sites, were still closed as a result of the pandemic.</p>
<p>Helena Helmersson, chief executive officer of the group, said: “I am full of admiration for our employees’ commitment, drive and perseverance during this very challenging time.</p>
<p><!--Ads2--></p>
<p>“As we have reopened our stores, sales have begun to recover at a faster rate than expected.</p>
<p>“To meet the rapid changes in customer behaviour caused by Covid-19 we are accelerating our digital development, optimising the store portfolio and further integrating the channels.</p>
<p>“With our ambitious sustainability work we want to continue to lead fashion retail towards a more sustainable future.”</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68e23db1a6c71">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68e23db1a6c71',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
