Wednesday, April 21, 2021

Aldi, Primark, TK Maxx, Poundworld & TJ Hughes swoop in on former BHS sites

Discount and budget retailers are swooping in on a raft of former BHS department stores across the UK.

According to Property Week, Aldi has signed a 20-year lease on a former 20,000sq ft BHS site Cameron Toll Shopping Centre in Edinburgh, while Poundworld is close to confirming terms on a former BHS store in London on Wood Green High Road.

Meanwhile, Primark believed to be in talks to take over yet another empty BHS unit in St Ann‘s Shopping Centre in Harrow, and if successful, it would be the fashion retailer‘s fourth former BHS takeover.

In Bristol, BHS‘ Broadmead store is poised to be split up and let to Metro Bank and discount clothing retailer TK Maxx.

READ MORE: Edinburgh Woollen Mill to open new department store in Wales

There is also speculation that discount department store TJ Hughes is eyeing another 10 former BHS stores across the country.

The news come as retailers including Next, The Range and the Edinburgh Woollen Mill Group took on former sites across BHS‘s 164 stores across the UK in recent weeks.

Despite this, the chief executive of shopping centre owners Intu, Matthew Roberts, told Drapers yesterday that nine out of 10 former BHS stores in its estate have not yet found tenants.

However, said progress was being made, highlighting Next’s decision to open a new store at the former BHS site at Intu Metrocentre next year.

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