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H&M to Open Fewer New Stores as it Focuses on Digital Investments

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

H&M Group will open fewer stores as it shifts its investment focus to digital, and it is looking at developing new concepts and business models. The company made the disclosure on Thursday when it reported its first-half earnings results for the period ended May 31, saying it’s “accelerating its adaptation to customers’ changed shopping patterns…

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