When H&M's sizable store at 42nd Street and Fifth Avenue quietly closed several months ago, the speculation began as the Swedish chain maintained the lease and sources suggested that it would be converted to a new format.
Would it be COS or & Other Stories? One of the two H&M owned chains that debuted in SoHo a year or so ago was bound to be replicated uptown, and now it looks like COS will definitely be opening in the space sometime before the end of 2015.
And maybe the other one too?
The catch is that COS will only be taking 3,982 square feet of selling space, a fraction of the size of the former 2-level H&M store. Even with extra space for stock and back offices, that leaves plenty of room for another store, suggesting that & Other Stories could still expand uptown and take up residence next to its more elegant sibling, unless the rest of the space was subleased out which is another possibility.
In any event, New York shoppers will likely be thrilled to find another COS location. Even though 42nd Street and Fifth Avenue is heavy tourist company, COS has been a huge hit in the city, and the SoHo store is regularly packed with customers snapping up the brand's sophisticated yet well-priced collections. The upcoming store is part of a major expansion for the still relatively young chain. COS announced a major global expansion yesterday that included 5 more North American stores in addition to the Fifth Avenue unit. Look for the COS craze to only get bigger as the Fifth Avenue countdown begins.
Note: we originally misquoted the square footage of the upcoming COS store as 3,357 square feet. It has now been confirmed to us as 3,982 square feet.