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NEW YORK CITY — Swedish discount retailer Hennes & Mauritz AB has signed a lease to open a 42,500-square-foot store at 4 Times Square. The three-floor store will include collections for ladies, men and children. The company will also install H&M signage at the top of the building that measures 70 feet by 70 feet. H&M is filling retail space vacated by ESPN Zone approximately two years ago. The company plans to continue its expansion in the New York market and announced it will open a store at The Shops at Columbus Circle in the Time Warner Center at the end of this year. H&M will also open a 57,000-square-foot store at 589 Fifth Ave., which will be the company's largest outlet in the world.