H&M closing two big Manhattan shops in setback for metropolis’s retail scene | Real Estate Market Insights

Retailer H&M will shutter two large Manhattan shops in January, according to postings on the state Labor Department web web site.

The doomed shops are at 18 Church St. at the World Trade Center and 150 E. 86th St. The closings will dump a complete of 55,000 sq. ft 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 battle at some places.

The H&M retailer at 150 E. 86th St. Closures right here and at the World Trade Center will dump a complete of 55,000 sq. ft of space on the market. G.N. Miller/New York Post

The shutdowns are half of Swedish-owned H&M’s plan to close about 200 of more than 4,300 shops it operates globally as half of a cost-cutting effort.

Eight H&M places can be left in the metropolis after the Manhattan retailer closures.

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