H&M
There is a chance that H&M will no longer be a mall staple after this year. It is planning to shut down 160 stores over the course of the year to optimize business. The decision was made because it was struggling in the American market. On the bright side, H&M is seeing steady growth abroad. With this in mind, the company is planning to open 355 stores in 2020. Even if this is true, the location of these new stores will primarily be outside of Europe and the United States.
H&M
Starbucks
In the summer of Starbucks announced that it will permanently shut down 150 underperforming stores. This is thrice the number that it normally closes during a fiscal year. The company, however, said that the closures will affect big cities with oversaturated markets. In those places, the coffee chain branches are just competing against one another.
Starbucks
