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Wales Online
Wales Online
National
Neil Shaw

H&M is to close 250 shops next year

Fashion giant H&M has said it plans to shut 250 of its stores globally next year after the pandemic moved more shoppers online.

However, the Swedish company said it has seen sales continue to recover in September, although sales remained 5% lower than the same month last year.

It came as the retailer reported that its pre-tax profits fell to 2.37 billion Swedish krona (£210 million) for the nine months to August 31, topping analyst expectations.

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