Retailer H&M will shutter two large Manhattan stores in January, according to postings on the state Labor Department web site.
The doomed stores are at 18 Church St. at the World Trade Center and 150 E. 86th St. The closings will dump a total of 55,000 square feet of space on the market at a time when the Big Apple’s retail scene, although improving from the worst months of the pandemic, continues to struggle at some locations.
The shutdowns are part of Swedish-owned H&M’s plan to close about 200 of more than 4,300 stores it operates globally as part of a cost-cutting effort.
Eight H&M locations will be left in the city after the Manhattan store closures.
Credit: Source link
