H&M will be closing down another one of its locations in downtown Toronto. Retail Insider reports.
H&M’s standalone store located at 13-15 Bloor Street West will be closing on January 22nd.
This will be the second H&M closing in downtown Toronto in only two months, following its Queen Street West location closing last month.
Now if you’re in the area and want to shop H&M, you’ll have to head over to its flagship location at CF Toronto Eaton Centre.
According to Retail Insider, a sales associate from the Bloor Street location said it was closing due to slow sales and high rents – the winter months not really helping with minimal foot traffic into the store.
Apparently, the Bloor Street H&M store had been up for lease for years, hinting that the closure has been a long time coming.
H&M has about 90 locations in Canada, currently. With these 2 back-to-back closures – we can’t help but wonder if the downsizing within Canada will continue.
Thankfully, we can always still shop H&M online!
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