H&M
Who would have thought that H&M might not be the mall staple it used to be when this year comes to a close? The clothing retailer hopes to optimize business and announced the closure of 160 stores this year. They are making this move as the U.S. remains to be a particularly difficult market for this brand, though it has been displaying steady growth abroad. With this in mind, the fast fashion giant plans to open 355 more stores this year, though most of these will not be in the United States and Europe.
H&M
Starbucks
Like they announced the previous summer, Starbucks plans to permanently close 150 of its underperforming stores in 2019. That is more or less triple the stores they normally close down in one fiscal year. The company explained that the closures will happen in big cities that have oversaturated markets. After all, their locations in these places only tend to cannibalize one another.
Starbucks
