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What H&M’s store closures in Australia say about the future of retail

On Wednesday, H&M confirmed that it will close another two stores in Australia next month, in Rockhampton and Townsville, after closing its Chatswood store in January. This will bring the Swedish retailer’s local store count to 37.  A company spokeswoman told the AFR that the store consolidations were vital to the long-term growth and success of the business.  “It is part of our daily business to always make sure that we have the best location, the best business deal