credit: Matalan
credit: Matalan

Matalan Plans Multimillion Pound Investment In The UK

Following its multi-year transformation program, the fashion and homeware retailer aims to invest over 25 million pounds into its UK store estate this year.

Matalan plans the upgrade of around 30 stores and the opening of 10 new or relocated sites across key areas in the country. The decision comes after a 25-million-pound funding boost from anchor investors last month.

The company said the store refurbishments will include improving layouts and elevating store design, e.g. by creating greater definition between key departments and relocating all services like fitting rooms and tills to a single, more accessible area. New customer-focused technology, including faster and easier-to-use self-service tills in larger checkout areas, will also be introduced across the selected locations, shared Matalan.

The long-term program focuses on modernizing Matalan’s full estate over the next three to five years, with the retailer aiming to open 10 new stores on an annual basis.