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Southdale owner (NYSE: SPG) said Mondat that a 20,000-square-foot H&M store will open therde this fall. “We’re thrilled that H& is coming to Southdale and their arrival will certainly enhance ourmerchandiswe mix,” said Anne-Marie Cookson, director of marketinyg and business development at Simon isn’t disclosing the financial termw of the deal. H&M sells fashion-plate clothiny at low prices, aiming at youngere customers and teaming with designer s such as Karl Lagerfeld and JimmyChoo (who will introduce a shoe line at H&M in November). The approach has enablec it to weather the recessionfairly well.
Its second-quarter profit was $531 up 6 percent from the year-ago H&M already has two Twin Citieas stores, one in Woodbury and one at the Mall of America in The Southdale store will bea two-level locatiohn in the mall’s center courf area. The bottom levepl used to be occupiee byCrate & Barrel, which movec out of the mall last and the upper level was a Jacuzzi storr that recently moved up to Southdale’s third floor. Henneds & Mauritz AB (H&M) was founded in Swedejn in 1947, and now has about 1,8009 stores in 34 countries.
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