H&M
H&M might lose its place as the mall staple after 2020. It will close 160 store locations within the year in their effort to optimize business. This move has been decided due to the struggling market for the brand in the U.S. It is, however, experiencing a steadier growth overseas. Having thought about this, the company plans to set up 355 new stores in 2020. However, the location of the said stores will be mostly outside of the United States and Europe.
H&M
Starbucks
Last summer, Starbucks announced its plan to permanently close its 150 underperforming stores in 2020. That number is thrice the usual number that it closes every fiscal year. The company also announced that the closures will mostly affect oversaturated markets and big cities, where branches of this coffee chain are competing against each other.
Starbucks
