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H&M confirms 28 Spain store closures to keep competitive strategy

H&M is proposing to close 28 stores in Spain as part of its strategy to ensure it has stores at the right locations. ....

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H&M to shut a quarter of Spanish stores, lay off 588 workers, Retail News, ET Retail

H&M in Spain has also faced problems with absenteeism and workers complaining of work overload, according to union sources. In November 2022, H&M announced a global plan to cut 1,500 jobs to trim costs. In Spain, it had already reduced its payroll by 400 people in 2021. ....

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H&M to shut a fifth of Spanish stores, lay off 588 workers - Life & Style

MADRID: Swedish fashion retailer H&M, opens new tab announced on Friday a plan to close down more than a fifth. ....

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H&M to Shut a Fifth of Spanish Stores, Lay off 588 Workers

Swedish fashion retailer H&M announced on Friday a plan to close down more than a fifth of its stores and lay off as many as 588 workers in Spain, home of its bigger rival, Zara owner Inditex, local unions said. The company will carry out the layoffs for unspecified organizational, productive and economic reasons, unions CCOO and UGT said in a joint statement. The company said it has 133 stores in Spain and employs almost 4,000 people there, according to H&M's annual report. The retailer confirmed in a statement sent to Reuters it intends to close 28 stores. ....

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H&M to shut a fifth of Spanish stores, lay off 588 workers

The move is in keeping with other big fashion retailers around the world that have closed smaller stores in recent years while expanding flagship branches that draw more traffic ....

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