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A rendering of H&M's new Miami flagship, via WWD
Uniqlo isn't the only fast-fashion retailer expanding this year. After announcing plans for a 24,000 square foot store in Austin last week, H&M has just signed a lease on two Miami flagships, WWD reports—the first time the brand has ventured into Southern Florida.
"We're a growth company with plans for continued expansion," a rep told the trade daily. "Our goal is to increase the number of stores each year by 10 percent to 15 percent." And since H&M already has 245 stores in the US, that means about 20 new doors will be opening this year. H&M told WWD that the bulk of those would be in the "West, Southwest, Southeast and South Central regions," and that the brand is looking at small cities as well as traditional large markets.
· H&M Eyes U.S. Expansion [WWD]
· Fast-Fashion Face off: Here's How Uniqlo Compares to Zara, Gap, and H&M [Racked]
· All H&M coverage [Racked]