Fashion giant H&M has announced plans to axe 170 stores worldwide this year in the wake of the coronavirus crisis. The second biggest fashion retailer in the world, H&M Group also includes brands such as COS, Weekday and Monki, and has 305 stores in the UK. An H&M spokesman told MailOnline: 'Our physical stores are incredibly important to us and we want to ensure that we have H&M stores in the right locations. The Chancellor was told that his focus needs to be on 'jobs, jobs, jobs' in his mini-Budget on Wednesday. He was told this week his focus needs to be on 'jobs, jobs, jobs' in his mini-Budget tomorrow.

Source: Daily Mail July 07, 2020 09:07 UTC