UK: M&S Looks Into C&A Lease
By: Jane MallinMARKS & SPENCER could take over C&A's lease on its Trafford Centre store, based just outside Manchester, it was reported in The Times today. This is something of a U-turn for M&S, which decided against setting up business in the out-of-town shopping mall when it opened in 1998. Analysts said the decision by M&S to study the documents for the 3,700 square metre Trafford Centre site implied the group, chaired by Luc Vandevelde, recognised the mistake in turning down the opportunity originally. Nick Bubb, retail analyst at SG Securities, said: "They regretted not being there from the beginning. You have to be in these out-of-town centres." However the Trafford Centre is just a short distance from Manchester's city centre, which is home to the chain's largest store worldwide. M&S is assessing the risks of taking customers away from its existing outlet. The Trafford Centre store is the only one in the C&A portfolio in which M&S has an interest, the group said, confirming that it was not harbouring any expansion plans. Last week M&S reported a 1.2 per cent fall in sales of general goods for the previous 15 weeks.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- Apparel factory auditing is in the firing line
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- NRF 2017 – Retail tech launches and developments
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Patagonia launching circular economy platform
- Limited Stores files for bankruptcy protection
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022