Connect with us


H&M Is Closing 170 Stores Worldwide, Will This Include Malaysia’s Outlets?


Img 09164 G 0049 Img 7757 Pano 1
Source: IOI City Mall

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Brands after brands are downsizing or even closing down for good after Covid-19 has impacted their sales.

After hearing news of Esprit and Zara shutting down, one of our favourite brands H&M has also announced that they will be closing 170 of their stores worldwide.

H&M recorded a loss of RM1.4 billion

Img 09164 G 0049 Img 7757 Pano

This decision comes after the brand reports a whopping 50% loss (approximately RM1.4 billion) in the second quarter and highlights that they will be focusing their efforts on their online stores. Without a doubt, the loss is due to the Covid-19 pandemic affecting their physical sales tremendously.

H&M Group CEO Helena Helmersson said, “It is clear that the rapid changes in customer behaviour caused by the pandemic will further speed up the digitalisation of fashion retail.

“To meet this, we are continuing to adapt the organisation and improve our ways of working, which will make us more flexible, fast and efficient. We are accelerating our digital development, optimising the store portfolio and further integrating the channels.”


So, what about the stores here in Malaysia?


H&M’s spokesperson did not provide a list on which of these 170 stores will be closing nor the breakdown of brands that will be affected due to the closure. However, WORLD OF BUZZ reached out to H&M to ascertain whether the stores in Malaysia will be affected.

In their reply to us, H&M mentioned that the Malaysia online store is back in operation and taking orders. They also assured us that so far, there is no news yet that Malaysia’s H&M stores will be closed. Shoppers can continue to support their favourite brand both online and in stores!

Well, I guess that a sigh a relief for all of us!


Also read: Popular Restaurant Brand ‘Delicious’ Shuts Down All Stores After 20 Years

Delicious 2

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Wfewfewfwe Wfewfewfwe
News8 hours ago

Road to 20k? Malaysia Breaks Record Again With 19,819 New Covid-19 Cases

Malaysia breaks records once again with 19,819 new Covid-19 cases as of 4 August. This means that cases have skipped...

Pjimage 2021 08 04T131433.803 Pjimage 2021 08 04T131433.803
News10 hours ago

LIVE NOW: Pandalela Rinong & Jun Hoong Compete In 10m Diving Preliminary For Tokyo Olympics

Best of luck to our athletes! Diving queens, Pandalela Rinong and Cheong Jun Hoong are diving in the preliminary round...

Pjimage 2021 08 04T123736.245 Pjimage 2021 08 04T123736.245
News11 hours ago

JUST IN: Muhyiddin Yassin Is STILL Prime Minister, Vote Of Confidence To Be Held In September

In his announcement today, Prime Minister, Tan Sri Muhyiddin Yassin announced that after discussion with his MP and the YDPA,...

Pm Announce Pm Announce
News11 hours ago

LIVE NOW: PM Muhyiddin Addresses The Nation After Meeting With Agong

Prime Minister Tan Sri Muhyiddin Yassin is addressing the nation in a live press conference now. This comes after his...

Pjimage 8 Pjimage 8
News11 hours ago

JUST IN: PM Muhyiddin Yassin To Address The Nation Live At 12.30pm (4 August)

Taking to Facebook, Prime Minister Muhyiddin Yassin has announced that he will be having a live press conference at 12.30pm...

Man Swimming In The Sea Part2 Man Swimming In The Sea Part2
News14 hours ago

Man Who Failed To Swim Across Penang Strait To Meet Friend Tries Again On Styrofoam Raft

The 28-year-old man who tried to swim across the Penang Strait to meet his friend because he failed to get...

Pjimage 2021 08 03T183409.414 Pjimage 2021 08 03T183409.414
News1 day ago

JUST IN: UMNO Revokes Support From PN Government, Muhyiddin Loses Majority Vote

While the country came to a minor standstill last week after the YDPA essentially called out the Perikatan Nasional government...

Shamsul Shamsul
News1 day ago

JUST IN: Shamsul Anuar Resigns As Minister Of Energy & Natural Resources

Datuk Seri Dr Shamsul Anuar Nasarah has resigned from his position as Minister of Energy and Natural Resources as of...


Latest Videos