
H&M coming to Southdale
Retail Construction Services (RCS) has recently commenced construction on two H&M stores; one in Orlando, FL and the other in Edina, MN. These will be the ninth and tenth stores RCS has built for H&M respectively. RCS looks forward to continuing our successful relationship with H&M and helping them grow throughout North America.
Below is an article from today’s Mpls/St Paul Business Journal regarding the new H&M location at the Southdale mall in Edina, MN. Click here for the link to the original article. Monday, June 29, 2009, 4:53pm CDT
Minneapolis / St. Paul Business Journal - by Chris Newmarker Staff Writer The hip, Swedish clothing chain H&M will open its third Twin Cities store in Edina’s Southdale Center.Southdale owner Simon Property Group Inc. (NYSE: SPG) said Monday that a 20,000-square-foot H&M store will open there this fall.“We’re thrilled that H&M is coming to Southdale and their arrival will certainly enhance our merchandise mix,” said Anne-Marie Cookson, director of marketing and business development at Southdale.Simon isn’t disclosing the financial terms of the deal.H&M sells fashion-plate clothing at low prices, aiming at younger customers and teaming with designers such as Karl Lagerfeld and Jimmy Choo (who will introduce a shoe line at H&M in November).The approach has enabled it to weather the recession fairly well. Its second-quarter profit was $531 million, up 6 percent from the year-ago period.H&M already has two Twin Cities stores, one in Woodbury and one at the Mall of America in Bloomington.The Southdale store will be a two-level location in the mall’s center court area.The bottom level used to be occupied by Crate & Barrel, which moved out of the mall last year, and the upper level was a Jacuzzi store that recently moved up to Southdale’s third floor.Hennes & Mauritz AB (H&M) was founded in Sweden in 1947, and now has about 1,800 stores in 34 countries.
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rcs 30.06.2009