H&M Closing Out 51st Street Store With Everything Half-Off

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It's been 15 years since the H&M on Fifth Avenue and 51st Street opened, but by next week it'll be completely gone, staff confirmed today. The plus side? Everything here is currently 50% off retail prices.

Because H&M really doesn't need three stores in a few-block stretch—there's one on 42nd Street plus the new global flagship store at 48th Street—the location has already begun tearing down the interiors and directing people to the nearest store. And since none of the merchandise will be making the move to the newer store, everything must go.

As you can see, there's precious little left, and what is left is far below the usual H&M standard. But if you're in need of cheap basics or freakum dresses circa 2011, hit it up after scoping out the nearby baller Zara sale.

The closure could precede a brand new Niketown, which had reportedly eyed the space. However, its current lease at 6 East 57th Street isn't up until 2017, which seems like an awful long time for a store this huge to remain vacant—but then again, the old Juicy Couture flagship across the street is still sitting vacant from this summer, minus the mannequins in white tees and jeans.

· 2014's Most Notable Store Openings in New York City [Racked NY]
· Breaking Down the Changing Retail Scene on 57th Street [Racked NY]