H&M will be closing down another one of its locations in downtown Toronto. Retail Insider reports.
This will be the second H&M closing in downtown Toronto in only two months, following its Queen Street West location closing last month.
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.
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.
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