Marks & Spencer is to open a new 60,000 sq ft shop at British Land’s Giltbrook Retail Park, Nottingham, in the summer of 2020.
The announcement comes less than two weeks before M&S opens a major new store in Cornwall – it’s first clothing store opening in the South West for 10 years.
Both shops are part of M&S’s store transformation plan – with the retailer closing, relocating, opening and renewing stores.
Alongside this, M&S is aiming to grow clothing online sales to a third of its total sales – supported by its network of more than 1,000 stores, where 70% of online orders are already collected.
Sacha Berendji, retail, operations and property director at M&S, said: “Customers’ shopping habits are changing and so it is important we change to reflect the way they want to shop – seamlessly integrating our in-store and online experiences. Excitingly, in Nottingham reshaping our store estate means opening a big new store next summer that can best serve our customer needs, alongside our High Street shop.”
Savills and Avison Young represented British Land; McMullen Real Estate acted for M&S.
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
