H&M
H&M was considered the mall staple hotspot but may lose that place even before 2020 ends. As part of maintaining business and keeping their stores optimized, they will be closing over 160 stores this year. Most of the closure will happen within the U.S. and Europe as the demand for the brand in these regions are not growing as expected. However, H&M announced an average of 355 stores would be opened worldwide but outside of the areas noted earlier.
HM
Starbucks
For all those who love to grab their Starbucks coffee on their way to work will have to look elsewhere for 2020 as the chain announced they would be closing over 150 of their locations. This amount is more than three times the amount they usually close in each fiscal year. However, they noted that closure is a result of underperformance and will mostly affect areas where there are numerous of their coffee brands competing against each other like most big cities.
Starbucks
