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

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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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