Hennes & Mauritz AB (Stockholm), the Swedish retailer that has launched a growing chain of H&M apparel stores in the U.S. in recent years, has signed a lease for a 27,000-square-foot, two-level store at Woodfield Shopping Center in Schaumburg, Ill., Crain's Chicago Business reports. The Woodfield shopping complex is home to more 300 stores, including department store anchors Marshall Field's, JC Penney, Nordstrom, Sears and Lord & Taylor.
H&M, known for inexpensive, cutting-edge fashion, is slated to open its first Chicago store this fall at 840 N. Michigan Ave., taking over the space formerly occupied by FAO Schwarz and Express for Men, a division of Limited Brands. H&M is also looking to open a store on State Street and at other suburban locations, Crain's reports.