H&M says the work it has done in recent years to enable shoppers to buy where, when and how they choose has stood it in good stead during the Covid-19 pandemic. The retailer today reported a profit for its latest financial year, despite lockdowns that meant up to 80% of its stores had to close temporarily at the beginning of the year. But it says it will close about 350 shops over the coming year in its more established markets, while opening about 100 new ones. H&M currently has about 5,000