Another major clothing store is shutting down over one hundred shops across the globe.
H&M announced that they would be closing down 250 of its stores due to the coronavirus pandemic and also because of the rise of online shopping.
The store has 5,000 stores worldwide and taking away 250 of them will be 5% of their locations.
This isn’t too surprising since plenty of others retailers have also filed for bankruptcy during the pandemic, including, J. Crew, Pier 1, Lord & Taylor and J.C Penny.