Matalan is to invest more than £25m in upgrading its store estate as part of its transformation strategy.
The fashion and homeware retailer is set to embark on a multi-year estate refresh, which will see it open 10 new and relocated stores and upgrade 30 in 2025.
According to the retailer, the refreshed stores will feature improved layouts, elevated design and upgraded in-store technology like self-service checkouts, marking phase one of a long-term programme to modernise its entire estate over the next three to five years.
As part of the multimillion pound investment, Matalan will open 10 new stores annually focusing on new locations, increasing its footprint in “key regions” including London, Essex, Hampshire and Northern Ireland.
Matalan has recently refurbished stores in Croydon, Linwood, Bristol Filton and Dumfries, which it says “have already seen a significant increase in sales, ahead of expectations”.
Matalan property director James Dorling 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 10 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”.
As part of the programme, which was announced following the £25m of additional funding from its investors last month, Invesco, Tresidor, Man Group and Napier Park, the retailer is also set to invest in its digital offer, with improvements to its ecommerce site as well as the launch of a new app.
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