A popular retail chain is expected to close another one of its store locations in Mississippi, according to local sources. Read on to learn more.
According to Daily Journal, the popular retail clothing store H&M will be closing another one of their Mississippi store locations.
The affected H&M store is located in The Mall at Barnes Crossing at 1101 Barnes Crossing Road in Tupelo.
The store is expected to shutter sometime in March.
H&M is an international fashion company that got its start in Sweden. Founded in 1947, it has grown to become one of the largest fashion retailers in the world, with thousands of stores worldwide.
However, last January, the company announced that it planned to close approximately 240 of its stores and cut more than 2,950 jobs in an effort to improve the brand's financial position.
Unfortunately, H&M isn't the only major retail chain to close a large number of store locations. Recently, other major retail brands such as Gap, Best Buy, and Express have also been shuttering stores to maintain their viability in the retail sector as well.
The news of the H&M store's impending closure in Tupelo will certainly be disappointing for fans of the brand that enjoyed shopping at the clothing chain's physical store locations.
What do you think about all of the recent store closures? Does it bother you, or do you do most of your shopping online now?
Let us know in the comments.
Kristen Walters is an independent business news writer informing readers about grand openings and store closings in their area. She has no affiliation with the business or organization featured in this story. Send inquiries, info, or corrections to kristenwaltersnb@gmail.com.
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