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H&M looks to shut Paris Champs-Elysees store

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Agence France-Presse

<p>PARIS - Swedish ready-to-wear clothing giant H&amp;M announced plans Wednesday to close its Champs-Elysees store, 11 years after a controversial opening on Paris&#x27; most celebrated avenue.</p><p>The company said consultations were underway with trade unions on the plans to shut down the site, part of a global transformation to respond better to customer demands and ensure stores are optimally situated.</p><p>In April, H&amp;M announced plans to shut 350 of its 5,000 stores worldwide, while opening up 100 new locations.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/02/20/hm-to-close-stores-as-covid-19-pushes-shoppers-online">H&amp;M to close stores as COVID-19 pushes shoppers online</a></li></ul><p>The retail clothing sector has struggled for years with the rise of online shopping, and the coronavirus pandemic only added to the trouble as stores were shuttered under health orders.</p><p>The decision to close the shop at such a prestigious address must have been difficult for H&amp;M as waged a five-year legal battle with the city authorities who wanted to keep clothes shop off the avenue.</p><p>H&amp;M said all 105 employees at the Champs-Elysees store would be offered jobs in its other Paris shops.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/16/21/topshop-dorothy-perkins-burton-closing-down-stores-in-the-philippines">Topshop, Dorothy Perkins, Burton closing down stores in the Philippines</a></li>	<li><a href="https://news.abs-cbn.com/life/03/09/21/after-nadine-lustre-and-maja-salvador-kim-chiu-poses-for-hm">After Nadine Lustre and Maja Salvador, Kim Chiu poses for H&amp;M</a></li></ul><div><strong>RELATED VIDEO: </strong><br/> </div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/xfUT3todDvQ?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Swedish ready-to-wear clothing giant H&M announced plans Wednesday to close its Champs-Elysees store, 11 years after a controversial opening on Paris' most celebrated avenue.