![Christmas shoppers mob the H&M department store location in Times Square in New York on Friday, December 22, 2017, 2017. H&M recently reported its largest quarterly drop in sales in 10 years. ( Christmas shoppers mob the H&M department store location in Times Square in New York on Friday, December 22, 2017, 2017. H&M recently reported its largest quarterly drop in sales in 10 years. (](https://c8.alamy.com/comp/2EWBJHE/christmas-shoppers-mob-the-hm-department-store-location-in-times-square-in-new-york-on-friday-december-22-2017-2017-hm-recently-reported-its-largest-quarterly-drop-in-sales-in-10-years-photo-by-richard-b-levine-2EWBJHE.jpg)
Christmas shoppers mob the H&M department store location in Times Square in New York on Friday, December 22, 2017, 2017. H&M recently reported its largest quarterly drop in sales in 10 years. (
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![Christmas shoppers mob the H&M department store location in Times Square in New York on Friday, December 22, 2017, 2017. H&M announced it would open only 390 new stores in 2018 and Christmas shoppers mob the H&M department store location in Times Square in New York on Friday, December 22, 2017, 2017. H&M announced it would open only 390 new stores in 2018 and](https://c8.alamy.com/comp/2EWBW1P/christmas-shoppers-mob-the-hm-department-store-location-in-times-square-in-new-york-on-friday-december-22-2017-2017-hm-announced-it-would-open-only-390-new-stores-in-2018-and-close-170-as-it-responds-to-consumers-shopping-online-and-not-in-physical-stores-photo-by-richard-b-levine-2EWBW1P.jpg)