Hennes & Mauritz

Swedish clothing giant Hennes & Mauritz said on Dec. 15 that its sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online.

European shares fell for a second straight session on Thursday, with lingering concerns of a Greek debt default following a lack of progress in negotiations with its creditors prompting investors to cut their exposure to riskier assets like equities.

The Swedish clothing retailer Hennes & Mauritz (H&M) is launching an online store for Bulgaria in 2015, the company said in a press release.

The exact date is not given.

H&M will also launch online stores in Belgium, the Czech Republic, Hungary, Poland, Portugal, Romania and Slovakia.