H&M Closes Shanghai Flagship Store

H&M Closes Shanghai Flagship Store
People walk past an H&M store in Beijing on April 5, 2021. Nicolas Asfouri/AFP
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H&M shut down its flagship store in Shanghai, the latest sign of the impact of Beijing’s strict zero-COVID policy on the business of international fast-fashion retailers.

After two months of lockdown, the epicenter of Shanghai finally reopened; however, traffic in the city’s shopping centers remained low.

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