Business
H&M reportedly looking to close multiple stores across Australia – 7NEWS.com.au
The mooted closures will reportedly cost hundreds of jobs.
Swedish retailer H&M is reportedly looking to close up to seven stores across Australia, as the economical effects of the pandemic continue to wreak havoc on retail.
The global fashion retailer is said to be looking to reduce its number of Aussie stores by 15 per cent, according to The Australian.
A store located in the Sydney suburb of Chatswood shut its doors back in January, in what is thought to be the first of the seven closures.
If the mooted shutdowns go ahead, hundreds of jobs would be lost.
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