TM Lewin targets three-to-four new store openings a year as it ramps up expansion plans

Managing director Dan Ferris said the business, which returned to profitability last year, was targeting at least three to four stores each year over the next couple of years.

The brand, which at its peak had over 150 shops in the UK, was forced to shutter its 66 remaining stores when it fell into administration in 2022.

However, while the retailer is still in the midst of a turnaround, things are improving. The retailer enjoyed a good Christmas period, with trading up 19% year-on-year in December. 

TM Lewin returned to the high street with a flagship on London’s Bow Lane in April last year. It opened another store in Canary Wharf and a discount outlet in The O2 in November.

Ferris told Retail Week: “If we can continue to open three or four a year, that’s where we’d be at, and then we just need to assess where we are in a few years to see what customers want.

“There’s no point in opening stores unless customers want them. There’s been that clear demand from once we have opened, where they’ve been very successful, but we’ll never get back to 66, that’s part of what was the issue with the old company.”

Ferris said the stores it opened last year are “going really well. That’s really what 2026 is about for us.”

The retailer is planning to open its fourth store in London in March, which Retail Week understands will be the brand’s first small-concept store.

“We see it as being one for a customer that just wants to come in, grab a shirt quickly, and go,” said Ferris.

He said TM Lewin was also keen to open stores outside London in the future, suggesting cities such as Manchester and Edinburgh.

The store expansion comes as the business returned to profitability last year.

Ferris added: “Revenue growth was north of 40%, so we’re growing in a rapid trajectory getting the brand back to where we want it to be, and hopefully we can continue that growth this year as well.”