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H&M Closes Shanghai Flagship Store, Hurt by Lockdowns and Consumer Backlash

H&M closes Shanghai flagship store. (Shutterstock)

Reuters

24 June 2022

H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid Covid-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton.

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In This Article

Topics

Retail

Organisations

H&M Group

Location

Shanghai, China

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