08 October 2012

H&M to open a new concept store in Times Square, New York City

New York – 08 October 2012 (PRNewswire) - H&M, Hennes & Mauritz, one of the world's largest fashion retailers, known for offering high fashion and quality basics at affordable prices, announced the lease signing of its 13th location in Manhattan at 4 Times Square. This new full-concept store will feature three floors of fashion for the entire family and will be a shopping destination with a unique and interactive design that welcomes customers from all over the world.

The new space will measure approximately 42,500 square feet and will include collections for ladies and men and children. The H&M brand will now be a part of the iconic New York City skyline with LED H&M signage at the very top of the building measuring 70 feet by 70. 

"H&M believes strongly in the New York City market. Since opening our first US store in Manhattan in 2000, we will now have 13 stores in Manhattan alone in 2013 and over 250 across the country", says Daniel Kulle, U.S. President for H&M. "Opening this new concept store in Times Square, the crossroads of the world, shows our commitment to opening in the best locations as well as our continued potential to open stores in Manhattan and the greater New York City area. This new H&M location will join our new flagship store on Fifth Avenue as world-wide shopping destinations." 

H&M continues its expansion in its first U.S. city, and recently announced that it will open a store in The Shops at Columbus Circle located at the prestigious Time Warner Center, at the end of this year, as well as its new flagship store at 589 Fifth Avenue, which will be the largest H&M store in the world measuring 57,000 square feet. H&M offers U.S. consumers access to quality fashions at the best prices through 255 locations across the country. 

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The H&M Group has approximately 2,600 stores in 47 markets, including franchise markets. In 2011, sales including VAT were SEK 128,810 million and the number of employees is more than 94,000. 

Source: H&M