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:
- Power Prom Prep: Watch Local Prom Makeovers with Power & Aveda Institute
- Candiace Dillard Bassett Debuts Her Baby Bump On The Red Carpet At The ‘GRAMMYs On The Hill’ Soiree
- Savannah James Says She Had To ‘Grow Into Her Self-Assurance’ On Her New Podcast, ‘Everybody’s Crazy’
- Win $250 + Tickets to See 21 Savage!
- Angela Simmons And Her Natural Body Are In St. Lucia Reminding Us It’s Time To Go ‘Out Of Office’
- Posted On The Corner: Kevin Liles Talks Politics Of Rap, Gunna’s Return, Rico Wade And Young Thug
- Silence Is Not Consent: Resistance Is Required Today, Tomorrow And Forever
- Peacock Announces Olympic Games Comedic Commentary Series With Kevin Hart & Kenan Thompson
- Ye FKA Kanye West Named In Lawsuit After Man Claims He Was Ordered To Cut Dreadlocks
- Rihanna Says She’s Keeping Her Outfit ‘Real Simple’ For This Year’s Met Gala
Why H&M Plans To Close Select Stores was originally published on rickeysmileymorningshow.com