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

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

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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