Fashion retailer Select is to open 200 new stores in prime retail locations over the next five years, it has been announced and has hired commercial real estate firm Cushman & Wakefield to lead the push.
Select currently operates from 130 stores across the UK though is set to undertake “an aggressive growth strategy” in the years ahead, according to the firm.
Working from a bespoke list of requirements for suitable properties, Cushman & Wakefield will help Select acquire units ranging from 2,500 – 4,000 sq ft over a single trading floor, maintaining a significant focus on Greater London, the South East and the South of England in a bid to target the retailer‘s core customer demographic.
“Select has an ambitious plan to expand and is looking to open around 40 stores per year over the next five years,” James Merrett, Partner in Cushman & Wakefield‘s Retail team explained.
“By understanding Select‘s core business and analysing their existing customer base, we are able to refine our search criteria to ensure we secure quality sites.
“Select‘s acquisition programme is very exciting, especially in the backdrop of challenging market conditions.”