There are 10 H&M’s in New York City, four in San Francisco, four in Pittsburgh and five in Atlanta.
But visit Texas–Dallas, Houston, Austin, etc.–and you won’t find one single outpost of the Swedish fast fashion retailer.
A spokeswoman for H&M told the Dallas Morning News that there are no plans to expand to Texas in 2010. Yet rumors continue to circulate that an H&M will pop up in 2011.
Why might H&M be holding off?
Well, there are plenty of reasons, but the biggest is probably real estate. Topshop delayed its New York opening for years before deciding on the right building. Despite the fact that we think H&M would do particularly well in Austin, the company is probably going to land in Dallas first, simply because it’s a bigger market. But if the company hasn’t found a good piece of real estate at the right price–regardless of whether its renting or buying–it won’t enter the market.
Do you live in Texas? Are you desperate to see an H&M in your neighborhood?