9 hours ago
1
Brands include Cos, Weekday, H&M Home, & Other Stories and Arket.
07:01, Wed, Jul 15, 2026 Updated: 07:03, Wed, Jul 15, 2026
H&M storefront (file image) (Image: Getty)
H&M will close stores across the globe in a bid to stay competitive. This after the retail giant previously announced plans to reduce its portfolio across all its brands by 128 locations over a 12-month period.
Brands include Cos, Weekday, H&M Home, & Other Stories and Arket. H&M's brands have already dropped from 4,166 shops to 4,036 in a year.
Get the latest news from around the world and more Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
The retailer's half-year report now confirms additional closures.
Weekday store (file image) (Image: Getty)
H&M, which was founded by Erling Persson in 1947, said that it has shut 97 sites shops across its Asia, Oceania and Africa market.
20 stores were closed in Western Europe, 17 outlets shut in the Nordics and four in Eastern Europe.
"At H&M Group, we continuously evaluate and develop our store portfolio to meet our customers' needs and offer the best possible shopping experience, both online and in our physical stores," a spokesperson for H&M told The Sun.
"As part of this ongoing work, we continue to optimise our store portfolio, with stores being opened, upgraded, and closed as needed."
Shoppers in front of a H&M store (file image) (Image: Getty)
The company's organisational strategy also involves the launch of about 90 new shops this year, however, plans to close 170 sites will lead to a net reduction of 80 stores.
The group recently opened two shops in Southern Europe and eight new sites across North and South America.
Its first stores in Malta, Paraguay and Azerbaijan will open before the end of the year.
English (US) · 