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H&M Bumps 2020 Store Closures from 130 to 170 After 50% Revenue Plunge

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

H&M Group is increasing the number of stores it plans to close this year from 130 to 170 as the fast-fashion retailer attempts to cut costs and shift to digital in the wake of the COVID-19 pandemic. The company also will reduce the number of stores it planned to open this year from 200 to…

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