Fast-fashion giant closed more than 600 stores in the past few years

• H&M Group has closed over 600 stores since 2022, with 128 locations shuttered between May 2025 and 2026, reducing its global footprint to 4,038 stores.
• The company consistently ended each year with fewer stores than the previous one, including the closure of its Monki brand stores last year.
• Despite a one percent decrease in sales for the first six months of 2026 and a three percent drop in net sales to $5.6 billion for the quarter ending May 31, profitability improved.
• Sales in Western Europe, H&M's strongest market, saw a five percent decline year-over-year.
• CEO Daniel Erver stated that while sales were lower than planned, improved profitability and inventory management are laying the foundations for sustainable growth, though tighter inventory sometimes affected demand.

IN FULL

H&M has quietly closed hundreds of stores across the globe in the last few years