H&M to close 240 stores as it cuts 2,950 jobs

H&M profits rose 85% to £1.14bn in 2021 as it cut 2,950 jobs and plans to close 240 stores, according to its full-year report.
H&M profits rose 85% to £1.14bn in 2021 as it cut 2,950 jobs and plans to close 240 stores, according to its full-year report.

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H&M's layoffs are a harbinger of more challenges to come for