CLOSE
0 reads
Leave a comment
People walk past a 'sale' advertisement from an H&M store on...

Source: SOPA Images / Getty

Sales are down at a lot of retail stores and it’s forcing many of them to close. H&M saw a decline in sales over the past several months and has decided to do something about it. According to High Snobiety, the retailer will close 170 stores this year.

H&M will put more money into online sales as well as digital inventory-tracking technology. Reports show that the company has seen the biggest drop in sales in the last six years recently. Although the company has decided to close stores they will also be opening 390 new ones to sell different type of labels.

RELATED: Parents Of The Child Who Modeled H&M “Monkey” Hoodie Speak Out In First Interview [VIDEO]

RELATED: H&M’s South African Stores Shut Down After Protests Over “Monkey” Hoodie

RELATED: GRIFF’s Prayer: Jesus Help Me To Lose Weight So I Can Wear Different Clothes [VIDEO]

The Latest:

Why H&M Plans To Close Select Stores was originally published on rickeysmileymorningshow.com

comments – add yours
×