Friday, August 19, 2022

CBRE guides Cath Kidston on expansion

Fashion and homewares specialist Cath Kidston is continuing its UK expansion under the guidance of CB Richard Ellis (CBRE), it has been announced.

Opening in Nottingham, Meadowhall and Chester, these stores join over 50 shops and concessions in the UK and Ireland and follow recent openings in Jersey, Aberdeen, Belfast and Bournemouth.

CBRE is retained to act on behalf of the retailer, acquiring sites while advising the British brand on its growth strategy.

The recently acquired units in Nottingham, Meadowhall and Chester are 2,051 sq ft, 2,324 sq ft and 2,160 sq foot respectively and the Chester store opened last month in premises previously occupied by youth fashion brand All Saints.

While the Nottingham store will open in the city centre on Bridlesmithgate which houses Reiss, Ted Baker and Kurt Geiger, at Meadowhall Cath Kidston will stand alongside Miss Selfridge and House of Fraser among others.

Tom Stanbury Director, Central London Retail at CBRE, explained that the company is offering unique insight into the commercial property market.

“Cath Kidston is a unique business that has quickly grown to become a successful global lifestyle brand,” he said.

“At CBRE we always strive to understand our clients‘ business and their specific retailer requirements to ensure the right stores are introduced in the right locations for the brand.”

Last week, research revealed that town vacancy rates have stabilised over the last three months, though news of health specialist retailer Julian Graves going into administration yesterday is a stark reminder that many retailers are struggling to maintain their hold on the high street, making way for those seeking to expand.

Chris McKendrick, Commercial Director at Cath Kidston, said that the plans provide an exciting opportunity for the retailer.

“We are excited to be further expanding our portfolio of stores to three great locations as advised by CBRE,” he said.

“We are confident that these locations will be successful in introducing new customers to the brand.”


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