Singapore – Global clothing retailer H&M has announced staff layoffs in Singapore, amid reports that it has moved its regional headquarters to Malaysia.
In a statement to MARKETECH APAC, H&M has stated that despite these changes, they will have their office still located in Singapore while strengthening its retail presence.
“At H&M, we are constantly working on improvements to adapt to our customers’ expectations. As part of that, we regularly review how we work to ensure our Organisation remains flexible, efficient, and fast-moving,” the spokesperson told MARKETECH APAC.
They added, “Singapore remains an important market to us, and we will continue to have our office located in Singapore. We will continue to maintain our retail presence reflecting our long‑term commitment.”
Speaking about the layoff exercise, the spokesperson said, “We are fully committed to supporting all of our colleagues in any organisational changes and will continue to fulfil our obligations according to local labor law requirements.”
H&M declined to comment further on the update, citing the ongoing process for the exercise.
The retailer’s two-storey outlet at Ion Orchard closed in March 2023 after operating for more than a decade. Its Tampines Mall store had earlier shut in August 2020, followed by the closure of its Waterway Point branch in Punggol in January 2021.
As of this writing, H&M currently operates six outlets across Singapore.
