H&M shuts Shanghai flagship store after lockdowns, consumer backlash

H&M 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. Although it was open earlier this month, the three-story building in downtown Shanghai was on Friday boarded up with its…
Source: NY Post click here for more…