Select’s store expansion plan

 

Click to follow
The Independent Online

Select, the women’s discount fashion retailer, is plotting to open 200 new stores over the next five years, as it seeks to capitalise on a soft retail property market.

It has hired the property firm Cushman & Wakefield to find shops of up to  4,000 square feet, with a particular focus on the South, South-east and London.

Select, which has an average selling price of £7.35, is aiming to attract fashion-conscious shoppers whose finances are under pressure. Its expansion plans come at a time when many retailers are trimming their store estate and nearly one in seven shops is vacant in town centres across the UK.

James Merrett, the partner in Cushman & Wakefield’s retail team, said: “Select has an ambitious plan to expand and is looking to open around 40 stores per year over the next five years.”

Comments