H&M to axe stores around the world under organisational strategy, says report

H&M has been shutting stores around the world, with its latest six month report for 2026 revealing that more closures were on the way, according to Inc.com.
The fashion company pulled in net sales of approximately 54.8 billion kronor (£4.23 billion) for its latest quarter which ended on 31 May. H&M highlighted that its results, in local currency terms, “were fairly in line with last year,” despite the chain operating roughly 3 per cent fewer shops than it did one y