Arcadia Group to reshape portfolio
By FashionUnited
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In addition to its main UK locations, Arcadia has expanded recently into the US, with a flagship Topshop store opened in New York in April last year. The number of stores to be deducted is still undecided. However, it is possible that between 150 and 200 could be shut. This would be a reduction of some 8 per cent from the company’s existing portfolio of about 2,400 stores.
While commercial rents in Britain have fallen during the past 18 months or so, Arcadia is still concerned about the upward trajectory of small shop rents over the past five years. Brands which have relocated as ‘insertions’ within BHS space include Miss Selfridge, Burton, Wallis and Dorothy Perkins.
This process is expected to continue across the Arcadia estate and, as a result, the company is being left with more standalone stores for its brands than it needs, particularly in regional cities.
Arcadia Group