Fast fashion looks to be fast fading in Hong Kong’s retail landscape, and the latest ‘victim’ claimed in this rat race is Swedish high street giant H&M.
H&M has confirmed that its Causeway Bay flagship on Paterson Street will serve its last customers on February 21, 2026 due to the expiration of its lease. A spokesperson for H&M has commented that the brand remains committed to the development of Hong Kong as a key market within the Greater Bay Area, and will actively seek suitable opportunities for new locations to improve its retail network to meet customer needs.
H&M opened its Causeway Bay flagship on Paterson Street in October 2015, taking up 47,000 sq ft and four storeys of prime real estate in one of the city’s busiest shopping districts, serving also as Asia’s largest retail outlet for the fashion brand. According to market sources, monthly rent for the expansive space is reported to be $11 million.
H&M’s impending closure of its Causeway Bay flagship will mean that the fast fashion brand will no longer have a physical retail presence on Hong Kong Island. Once the Causeway Bay location shutters in February 2026, shoppers will be required to venture out to Festival Walk or Tsuen Wan Plaza for an in-person H&M shopping experience – these will be the only two brick-and-mortar outlets left in Hong Kong for the brand.
Rumour has it that the H&M-shaped hole left behind at Hang Lung Centre on Paterson Street will be snapped up by local cosmeceutical chain Lung Fung – at least in part. Lung Fung is reportedly in talks to lease the 10,000-square-foot ground floor space, though developer and landlord Hang Lung Properties has not provided confirmation.
With the H&M flagship closing on February 21, it means that you’ll still have the Chinese New Year public holiday period to pay one last visit to the Causeway Bay location!
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