The chain’s chief executive Alistair McGeorge wants to expand the portfolio and has identified a list of 70 possible locations for openings. At present it has 203 stores in the UK.
Matalan property director Jonathan Spaven said it would be a gradual roll-out that would take place over the next few years.
He said: “We will take three new stores this year and will gradually work our way through the other possible locations we have identified.” He could not confirm the location or size of the three stores it plans to open this year.
The retailer is also focusing on its international portfolio as it opens 15 stores in the Middle East over the next five years.
This week Matalan reported a UK like-for-like sales growth of 5.9 per cent in the five weeks to January 4.
No comments yet