H&M closes flagship store in Shanghai due to lockdown and backlash over Xinjiang cotton
6 Articles
6 Articles
H&M closes flagship store in Shanghai due to lockdown and backlash over Xinjiang cotton
[SHANGHAI 24th Reuters] - Swedish fast fashion giant H&M has closed its flagship store in Shanghai, China. In addition to the sluggish private consumption due to the lockdown (city blockade) associated with the novel coronavirus epidemic, the brunt of criticism was borne by the ban on the use of Xinjiang cotton. The flagship store in Shanghai has three floors. It was open at the beginning of this month, but the signboard was removed on the 24th.…
H&M closes Shanghai flagship store, hurt by lockdowns and consumer backlash
SHANGHAI -- H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Read More
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