Matalan to invest £25 million in store estate as part of multi-year transformation programme
Matalan is to invest £25 million its UK store estate over the next year as part of a multi-year transformation programme.
The funds will be used by the fashion and homeware retailer to upgrade 30 existing stores and open 10 new and relocated sites as it expands its footprint in areas like London, Essex, Hampshire and Northern Ireland.
The move marks the first phase of a long-term programme to modernise Matalan’s full estate over the next three to five years with plans to launch 10 stores annually in new locations.
The retailer will also upgrade 30 existing stores each year by improving layouts and elevating store design to allow for a more seamless shopping experience. This will include creating greater definition between key departments and relocating all services like fitting rooms and tills to a single, more accessible area. In addition, shops will benefit from new customer-focused technology, including faster and easier-to-use self-service tills.
Never Miss a Retail Update!Matalan said recently refurbished stores in Croydon, Linwood, Bristol Filton, and Dumfries have already seen a significant increase in sales.
James Dorling, Matalan’s property director, said: “Matalan storefronts have been a fixture of UK communities for 40 years, so it is only right that bricks-and-mortar retail remains at the centre of our transformation programme.
“With ten exciting new store openings and extensive refurbishments across our estate, this investment marks a step-change in our strategy – creating a better, more seamless shopping experience for our loyal existing customers, while also introducing the Matalan brand to new consumers.”
Matalan will also use the new funding to invest in its digital and ecommerce offering, including the launch of a new app.
