H&M trims store openings to focus investment on its online operations

Fashion retailer H&M said it would open fewer stores this year than was previously mentioned as the group intends to concentrate investment on its online operations. Company CEO Karl-Johan Persson said they are continuing to integrate their physical and digital channels to make shopping experience easy and convenient for their customers. “This and other extensive investments are driving costs in the short term,” Persson said. “Our new online platform and our new logistics systems have

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