After the closing of the H&M at Fifth Avenue and East 42nd Street in New York, a Cos spokeswoman revealed to Crain’s that the higher-end division of the H&M Group would be occupying a portion of the 24,000-square-foot space.
Crain’s reported H&M first leased the three-floor space in 2007, and recent reports have referenced an asking price of $3,000 per square foot for prime retail spot near Bryant Park. Other retailers in the area include Zara, Urban Outfitters and a new Charming Charlie.
This will be the second Manhattan location for Cos, which opened its first New York store on Spring Street last year.
New Yorkers, by no means, are faced with a shortage of H&M locations. In May, the fast-fashion retailer opened its biggest location to date with a 63,000-square-foot flagship in Herald Square.