Fashion giant H&M to close seven stores across Australia
9 Feb, 2021 04:48 AM
3 minutes to read
Customers at the opening of H&M s Hobart store. Photo / Nikki Davis-Jones, News Corp Australia
Customers at the opening of H&M s Hobart store. Photo / Nikki Davis-Jones, News Corp Australia
news.com.au
Swedish retail giant H&M is reportedly looking to close as many as seven of its Australian stores in the latest blow to the battered local fashion industry.
According to The Australian, the retailer is looking to shutter up to 15 per cent of its stores while shifting customers towards its newly launched online offering.
Amazon investors are telling the firm to stop interfering in a unionization vote, the FT reported. Alabama warehouse workers are currently voting on whether
February 9, 2021
Amid the upheavals of Brexit, the UK government has not forgotten the country’s seafood industry. In the debates over how Britain should handle its departure from the EU, fishing morphed into a symbol of Britain’s potential independence. In January, the government pledged up to £23 million ($31.7 million) in support of fishing businesses, aiming the funds toward those whose exports suffered under the import regulations imposed by the EU following Brexit.
But the focus on a sector that employs about 12,000 workers and contributes about £446 million to the economy annually has also become a point of criticism against the UK government, particularly as larger industries struggle with the fallout from Britain leaving the EU. Fashion, which fed £35 billion (pdf) into the UK economy in 2019 and employed 890,000 workers, says it deserves at least as much attention and assistance.
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Siam Commercial Bank launches $50m blockchain, DeFi and digital assets VC fund 09 February 2021
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