Why is H and M closing?
H&M has announced plans to close 170 of its stores as a result of declining sales amid the coronavirus crisis.
The company said that the closures, which are likely to see hundreds of job losses, come after sales dropped by a quarter in June due to the impact of the pandemic and lockdowns in key regions..
Is H and M legit?
H&M has a consumer rating of 3.39 stars from 851 reviews indicating that most consumers are generally satisfied with their purchases. H&M also ranks 7th among Discount Clothing sites.
Is Zara owned by H&M?
Hennes & Mauritz, the Swedish company behind H&M, Monki and Weekday, and Spain-based Inditex (owner of Zara and Massimo Dutti) are both seeing the benefits of decisions taken last year to trim their networks of physical stores and throw more resources into online sales.
What does H&M stand for?
Hennes & Mauritz ABHennes & Mauritz AB (Swedish pronunciation: [ˈhɛ̂nːɛs ɔ ˈmǎʊrɪts]; H&M [ˈhôːɛm]) is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers and children.
Is H&M bad quality?
H&M is fast fashion- they are all about trends not quality. The quality is OK for the price, way better than Zara but don’t expect it to look good forever because it’s cheap textile and constructions. … H&M is definitely trendy, but it doesn’t mean their clothes are crap in quality. SAVED has it spot on.
Does H and M use child labor?
H&M does of course not tolerate child labour in any form.”