Wednesday, May 12, 2010 | 1:24 p.m.
The recently closed FAO Schwarz store at The Forum Shops at Caesars will soon be home to the largest H&M store in the country.
The Forum Shops announced that H&M will open in the three-story, 55,000-square-foot venue this fall. Las Vegas already is home to two of the Swedish retailer’s stateside outposts -- one at the Miracle Mile Shops and one at Town Square.
The FAO Schwarz location closed Jan. 23 after the store, with its iconic wooden Trojan horse, let its lease at the Forum Shops expire at the end of January. The Strip location opened in 1997.
Mall officials said in February they were hopeful they can lease the space to a national retailer that wants to establish a flagship store or its largest store nationwide in one of the country’s premier shopping destinations.
Described by owner Simon Property Group of Indianapolis as “part Beverly Hills, part Rome’s Via Condotti and part Madison Avenue,” the Forum Shops has about 160 stores and has boasted it is visited typically by 50,000 people a day.
Forum Shops has long been long known as the nation’s highest-grossing mall with annual sales last reported at $1,400 per square foot.
FAO Schwarz has no plans to open elsewhere in Las Vegas, and remains focused on the FAO Schwarz brand with its flagship New York City store and its Web site.