Music Zone, the privately-owned specialist retailer, is developing a kiosk business to operate in limited space locations, such as airports and railway stations.
Kiosks may also open in big shopping centres where the retailer wants a second outlet.
Managing director Russ Grainger said the kiosks - measuring approximately 6 sq m - will be labelled Music Zone Bug. He hopes to have kiosks up and running in a handful of places before Christmas. 'If it works the way we want to, it will be a very quick and efficient way to buy music,' he said.
Music Zone has 45 stores, and openings are planned for Doncaster, Telford, Lewisham and Birmingham's Bull Ring. The retailer's first Oxford Street shop opened earlier this year.
For the year ended May 2003, Grainger said the retailer expects a pre-tax profit of approximately£2.2 million on sales of£60 million. Within five years he wants 90 stores and turnover of£150 million.
Grainger is also undertaking a store relocation programme, moving from secondary to prime sites. He will relocate stores in Newcastle and Stockport - where the first Music Zone store opened - by the end of the year.
The retailer targets customers aged over-25 and sells chart CDs at£10, as well as other ranges at competitive prices.
- Profile: page 12.
No comments yet