On Friday, fast-fashion giant announced that they would close 170 of their brick and mortar stores in 2020.
This is 40 more stores than the Swedish brand planned for, after a 50% sales drop due to the coronavirus lockdown.
According to Business Insider, H&M says that they're focusing on beefing up their online sales.
H&M Group CEO Helena Helmersson said "...The rapid changes in customer behavior caused by the pandemic will further speed up the digitalization of fashion retail.