Large Corporations Have Been Closing Down Their Stores Across The Country

H&M

H&M expects to shut another 250 stores in 2021, following the closure of 180 locations in 2020. The retailer’s decision was largely influenced by the coronavirus epidemic and the growing trend of internet sales. H&M CEO Helena Helmersson told “Good Morning America” that “more and more consumers began buying online following the epidemic, and they are making it clear that they appreciate a safe and empowered atmosphere in which shops and online interact and reinforce each other.”

H&M