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The Coronavirus Pandemic put an unprecedented crunch on almost all industries, but there are few things that have been so deeply affected as retail companies. In the months when Covid-19 began to spread in the United States, thousands of retail companies were forced to close permanently. Now the increasing list ofCompanies that have been forced to seize stores can addH & M at his list. The popular global clothing retailer has announced on October 1st that would beClose 250 from its stores Due to a fall in sales caused by Covid.

With just over 5,000 stores around the world in operation, the next closures would be a loss of five percent of H & M's current retail footprint, CNN reports. The Fast-Fashion company has not yet announced that the stores it will close in the next year.

In a statement, a spokesperson for H & M acknowledged the already changing commercial landscape accelerated by the spread of the coronavirus novel, saying "more and more customers startedonline shopping during the pandemic. "

H & M-includingComplete business name Hennes & Mauritz AB - was founded as a women's clothing store in 1947 in Stockholm, Sweden. In the years that, since the growth of society exploded, withStores operating in 74 countries worldwide from November 2019. To the pandemic,H & M had seen a massive expansion In the last decade in particular, more than double its 2,325 stores at the end of 2011 at its pre-stop number of 5,076 locations.

During the height of the pandemic, 80% of H & M stores were closed, ensuring analysts that theThe company had made the necessary adjustments Face the climate unfavorable. "Although the challenges are far from over, we think the worst is behind us and we are well placed to get out of the stronger crisis"Helena Helmersson, CEO of H & M, stated in a statement.

Despite hundreds of H & M stores, closing, other companies have closed their doors for good months. Read it to discover brands that will not survive the pandemic and for more stores that narrow in numbers, checkThis beloved retail chain could close a store near you.

As one of the most important department stores in the Nation, Lord & Taylor created titles on August 27 when he announced that he haddeposited for bankruptcy And would schedule every 38 of its stores for good. "We believe that it is prudent to simultaneously put the rest of the stores in the liquidation in order to maximize the value of the stocks for the domain while pursuing options for the marks of the company"Ed Kremer, the Chief Restructuring Office of the Company, stated in a statement. And for more news from the store closure,This beloved retail chain could close a store near you.

Shortly after the deposit of Chapter 11 Protection against bankruptcy in August, the retailer at a reduced price, Stein Mart, announced that it would permanently obtained the 280 of its locations after 112 years of activity. Its now empty stores are alreadyBe offered to new tenants by real estate partners A & G, according to an ad September 14. And for more detail information,Sign up for our daily newsletter.

In a city full of global brands, New York has been able to lose one of its popular retailers grown at home as a result of the Coronavirus pandemic: Century 21. The company announced on September 10 that it would beClose 13 locations In New York, New Jersey and Pennsylvania after nearly 60 years of business. But you can not say that the store has not dropped: "Our insurers, to whom we paid important premiums each year for protection against unforeseen circumstances, as we live today, we turned the back At this most critical time. , "CECENT 21 Co-CEO Raymond Gindi said in a statement. And for more retailers who have been victims of the pandemic, checkThis beloved house shop closes more than half of its locations.

Neiman Marcus was the first department store atfile the balance sheetIn the middle of coronavirus in May, citing "an unprecedented disruption caused by the pandemic of Covid-19". However, the channel has announced that it is onlySHUTTERING 22 of its locations across the country, according to the Business Initiate and September 25,Neiman Marcus has emerged from bankruptcyWhich means that you can always find an open near you.

Nordstrom is once another beloved department store that has announced the closure of many of its places, claiming that 16 shutter in the coming months, as well as the three of the three Jeffrey stores targeted on the designers of the company. Fortunately, the company's reducing store, Nordstrom Rack , will not be affected by changes, company insider reports. And for more stores, we had to say goodbye, consult these 17 beloved department stores that are now dead .