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H&M’s Store-Closing Plan Hints at Fashion’s Digital Future

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H&M Group plans to invest more heavily in digital operations as it prepares to close roughly 250 stores next year, or 5 percent of approximately 5,000 global locations. In a Nutshell: The Swedish fast-fashion giant credited its omnichannel model for steadily increasing value creation. The model focuses on driving “strong and profitable online growth” while…

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