Business

H&M closing two big Manhattan stores in setback for city’s retail scene

November 25, 2025

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

The doomed stores are at 18 Church St. at the World Trade Center and 150 E. 86th St. The closings will dump a total of 55,000 square feet 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 struggle at some locations.

The H&M store at 150 E. 86th St. Closures here and at the World Trade Center will dump a total of 55,000 square feet of space on the market. G.N. Miller/New York Post

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

Eight H&M locations will be left in the city after the Manhattan store closures.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.