The Swedish purveyor of cheap chic continues its global assault by opening stores across the Middle East. Next stop: Japan and Russia.-Business Week
PROJECT PORTLAND: Just saw that The Oregonian's Laura Gunderson has said that H & M has offically announced it's coming to Portland.
It's a story that has been floating around this town for years now. Here's something I wrote for Willamette Week—two years ago—when I heard it was going into a former Kitchen Kaboodle.
But now, like The Oregonian says here, it looks like it's really going to happen.
But the story doesn't say exactly where in Pioneer Place it will be located.
Well, psssst....here is what I've heard.
Folks in the know say that Saks Fifth Avenue has been itching to, if not leave Portland, at least downsize dramatically.
There was the rumour that it would close. Or it would morph into an Off Fifth outlet.
The likely scenario is that H & M will take over Saks Fifth Avenue's mens store—located across the street from the main Saks—and will be the shiniest new anchor in the sinking ship that has become Pioneer Place.
It makes a lot of sense. True Religion are Betsey Johnson are there, as is that other deeply discounting retailer, Forever 21.
Hopefully it will do what it's done for other cities—like Seattle and San Francisco—and make people want to shop.
I can't wait to get my hands on their inexpensive, but oh so stylish, goods. Downtown Portland just got an early holiday present.
The Neat Sheet has conflicting reports about the news here.