H&M
H&M could lose its position as a staple mall after 2020. Over the course of the year, 160 stores will be closing in an attempt to maximize business. The move was determined because of the challenging competition for the brand in the U.S. Nevertheless, it is witnessing a steadier rise overseas. Upon recognizing this, the company expects to open up 355 new stores in 2020. Nonetheless, the location of the stores in question will mainly be outside the United States and Europe.
H&M
Starbucks
Last summer, Starbucks announced that its 150 underperforming stores would be completely closing in 2020. That amount is three times the average number that will close every fiscal year. The organization has announced that closures will mainly hit over-saturated markets and major cities, where divisions of the coffee chain compete against each other.
Starbucks
