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Fashion retailer H&M weighs tens of thousands of job cuts because of coronavirus

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  • As of Monday morning, H&M said a total of 3,441 of its 5,062 stores worldwide are closed.
  • It said the closures have had “significant negative impact on sales so far in March.”
  • Faced with slumping sales, H&M said it is reviewing its business and looking for ways to cut costs, including laying off workers.

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