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H&M to Open First Arket China Store Despite Closing 350 Sites This Year

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Pandemic lockdowns weighed on Hennes & Mauritz’s fourth quarter sales, as the company reiterated plans to close 350 and open 100 stores this year while forging ahead with recycled materials. It’s also planning to open the first Arket store in China later this year, making the lifestyle label’s varied wares available to consumers in and…

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