No, H&M Is Not Opening a Store in the Metaverse

Reports circulated about the retail giant’s foray into the metaverse on Monday, but the company says these are currently false


Source: Shutterstock


key takeaways

  • CEEK, a VR streaming platform, first hinted at a potential future collaboration with the brand in a Dec. 7 tweet
  • CEEK founder Mary Spio told Blockworks that the reports alleging that H&M is currently in partnership with her company are not true

Retail giant H&M is not opening a 3D store in the metaverse, despite widely-circulated media reports

H&M, the second-largest clothing retailer in the world, quickly dismissed the rumors in an email to Blockworks on Monday.

 “I’d like to confirm that we are not opening a store in Metaverse,” a spokesperson from H&M said. 

Rumors initially emerged after a tweet from virtual reality (VR) developer CEEK on Dec. 7, showcasing a concept project for a VR version of an H&M store that hinted at a potential collaboration between the two.

“Yes we’ve seen the tweet from them but it’s not a collaboration with Ceek,” the spokesperson added, but did not specify future involvement with the Florida-based firm.

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CEEK founder and CEO Mary Spio told Blockworks that the reports alleging that H&M is currently in partnership with her company are false as well.

However, there have been ongoing talks of future collaboration with the metaverse-related platform and H&M USA, specifically.

“There has never been any statement from CEEK that we’re partnering with H&M on a metaverse store,” Spio said. “It was a concept that was presented to [them] last year. We’re in discussions with them. That’s basically what this [tweet] is.”

Various media outlets previously reported that customers could walk through a virtual store in a 3D virtual world, also known as CEEK City Universe, and choose a digital clothing item offered by H&M to purchase. Users could then buy the digital collectibles via a virtual currency, dubbed CEEK, to wear online. 

“We are in discussions with different people at H&M to make this a reality, but this is not something that’s a reality as of now,” Spio added. “I believe that this misinformation is probably put out there to spread FUD.”

CEEK is currently trading up 0.31% at $0.71 at time of publication. According to Coinbase, the token has declined by 22.5% in the past 30 days.

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