H&M's Disappointing Losses in First Half of 2020 Will Yield Global Store Closures

Companies ranging from Nike to the Chuck E. Cheese parent have suffered tremendous losses in the wake of coronavirus, and Swedish fast fashion behemoth The H&M Group is no different. Following a 3.06 billion Swedish Kroner loss (approximately $328 million USD), the massive chain has announced restructuring plans that will see stores across the globe shuttered, WWD reports.Though The H&M Group did cite "a faster [financial] recovery rate in recently reopened stores," the company has elected to cl...