H&M in Beijing
CNN reports on H&M’s arrival here. Hopefully for my Swedish brethren (my father is Swedish), the crowds will keep coming. Beijingers remain in dire need of the inexpensive basics H&M provides, so prospects look good. The product mix looked quite complete.
Success will not be a result of location. Around 300 meters down the vacant lots of the main walking street at recently refurbished Qianmen and a good ten minutes from the subway exit, one can only conclude that H&M received an incredible deal on rent. There are no similar fashion boutiques in the area and most pre-H&M foot traffic was domestic tourists. Either H&M realized these people have an even more dire need for their goods or the landlords gave free rent for the year.
If rent is cheap you should consider moving your shop to a more prominent location; the last time I was at The Place is felt like a ghost town.
This one is not at the Place of course, but perhaps Joy City at Xidan would be the logical location.