H&M – 350
The fast fashion giant is planning to close 350 stores during 2023, but it will also open up 100 new stores. That brings the company to a net loss of 200 stores, and it is citing the rise in e-commerce as the reason for the closures.
H&M
Fossil – 65
Fossil, the retailer known for its leather and accessories decreased its sales in 2020 and will continue its downward decline by closing down at least 65 of its locations around the United States.
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Fossil