H&M to close 240 stores as it cuts 2,950 jobs
H&M will open stores in six new countries in 2022. Photo: Getty H&M (HM-B) profits rose 85% to SEK14.3bn (£1.14bn/$1.51bn) in 2021 as it cut 2,950 jobs and plans to close 240 stores, according to its full-year report. The Swedish fast-fashion chain said in the fourth quarter pre-tax profits rose ...