H&M has begun planning a fourth retail store in Puerto Rico, according to El Nuevo Día on 16 October 2026.^[1] The same report said the chain will open its third island store at Plaza del Caribe in Ponce during autumn 2026.^[2] The expansion lands as Puerto Rico's construction sector posted preliminary growth of 9.55% in fiscal year 2026, up from 5.92% in fiscal 2025, the Junta de Planificación reported.^[3] The San Juan Daily Star carried the same 9.55% figure for total construction activity.^[4] The retail buildout runs against population data: the Census Bureau reported that Puerto Rico's total population declined in 2023.^[5] The facts here do not tie the H&M plans to the construction figure or to the population trend, and no cited source draws that line.