H&M to close 170 stores in 2026 after quietly shutting dozens already

H&M's financial report for the first half of 2026 reveals the Swedish fashion giant has already cut its store count by 3%, without announcing the closures in advance or disclosing locations. According to Reuters, the company plans to shut a total of 170 stores by the end of the year. The closures are part of a broader restructuring of the fast-fashion retailer.