RETAIL STRATEGY: STORE FOOTPRINT We are evolving our real estate strategy: 2008: 126 stores 2012: 59 stores Our focus is on asset management of our existing real estate portfolio, refining the estate to optimise return and brand alignment, and acquiring new sites in ‘premium’ locations.
Recent acquisition highlights include: Unit 17, Covent Garden (Q3 2013) In securing a new tenancy within the Market Building we have more than doubled our square footage in this prestigious retail location. A ‘dry store’ format to be fully furbished in early 2014.
182 Portobello Road (Q4 2013) Opened in October 2013 the 1000 sq.ft. unit within this high-footfall tourist location provides an ideal footprint for our new ‘dry store’ format.
43 Oxford Street (opening Q1/2 2014) Relocating our successful Oxford Street store to the south side of one of the world’s most famous shopping streets, the new store will be the first of our new ‘hybrid store’ formats.
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