Concessions up at Oswaldtwistle Mills
Easy start-up, month-to-month leases and shopping tourism are driving growth in concession outlets at Oswaldtwistle Mills in Accrington, Lancashire.
An increasing number of inquiries are from high street retailers, says the centre, one of the largest concession-based retail attractions in the UK. Oswaldtwistle Mills boasts more than 8000 sqm (88,000 sq ft) of retail space and has more than 1.2m visitors each year. Tenants specialise in fashion, crafts, furniture and locally-produced food.
National shoe retailer Pavers, which operates 76 stores and concessions across the UK, has just opened an outlet at the centre, where sales are already exceeding expectations.
Oswaldtwistle Mills retail director Boyd Hargreaves says he is encountering interest weekly from businesses interested in taking concessions - some from "surprising and unexpected sources".
"Concessions offer a strong opportunity for retailers to trade in an environment with a more cost-effective return per square foot than a traditional store format," says Hargreaves.
Oswaldtwistle Mills is currently expanding its food hall to cater for increasing demand for its locally sourced food products. It has also opened up an 8,500 sq ft concession-based operation, 'Best of Oswaldtwistle Mills', in the former Woolworths store at Accrington's Arndale Centre, creating 15 jobs.
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