A new 40,000 sq ft John Lewis at home store will open in Newbury in 2012 as part of a major development, it was confirmed today.
As part of the new retail development in the Berkshire town, Parkway John Lewis hopes to create 160 new jobs and has committed to investing £8 million in the local area.
Four at home format store have opened so far, with the Poole outlet opening in 2009 and further stores in Croydon, Swindon and Tunbridge Wells arriving the following year.
Tim Harrison, Head of Format Development at John Lewis, added: “The success of existing John Lewis at home shops has demonstrated that a smaller format works and has given us the confidence to continue to extend our reach.
“The Parkway development in Newbury is a good fit for us in terms of location and catchment and is a great opportunity to bring our at home format to Berkshire, providing customers with a broader and more convenient shopping offer.”
Opening in October this year, Parkway will be a 475,000 sq ft mixed use scheme and is one of only three new shopping centres scheduled to open in the UK in 2011.
Standard Life Investments is the developer of the site, which will include 295,000 sq ft of shops and a 550-space car park once completed.
James Stevens, Head of UK Development at Standard Life Investments, said: “We are delighted to welcome John Lewis at home to Parkway. This is the culmination of months of hard work with all our stakeholders to bring this fantastic new addition to our list of shops.
“This is a great vote of confidence for Parkway and Newbury and we look forward to welcoming even more top quality shops to the scheme in the coming months.”
Trading at John Lewis stores has been tough since the start of the year, and just this morning the partnership revealed that sales at its first at home store in Poole fell a massive 33.5 per cent year-on-year last week.