UK: The Officers Club Plans Rapid Expansion, Appoints New MD
More than 1,700 new jobs are to be created by menswear retailer, The Officers Club.
The nationwide chain is planning to double the number of its stores to more than 300 outlets, doubling its 1,700 strong workforce over the next three years.
The nine-year-old company, which sells men's and women's fashion at significant discounts, is expanding to meet its profit targets.
The store roll-out will lead to growth for its distribution operation, based at its headquarters in the UK's north east.
Around 200 jobs are to be created when an additional 40,000 sq ft warehouse is built on its 16-acre headquarters site over the next year.
Newly-appointed managing director, David Glazebrook, said the company was meeting its three per cent sales growth targets despite difficult trading conditions. He said: "The bigger we grow, the better we do.
"It is easier for us to generate savings which we pass on to customers. We have maintained margins and cut prices by 20 per cent on last year."
The chain is concentrating on expansion across the UK, including five new central London stores following the successful launch of an Oxford Street branch in autumn last year.
In related news, the company has appointed David Glazebrook managing director of the company. He will take responsibility for the day-to-day aspects of the business while David Charlton, who founded the company in 1992, will oversee the retailer's expansion plans from his new position of chairman.
Since his arrival, Mr Glazebrook has been instrumental in the rapid expansion of the company and played a key role in the acquisition of 65 Hamells stores, part of the former C&A property portfolio.
The Officers Club was founded by David Charlton in 1992 in Sunderland.
Companies: Oxford Industries Inc
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