Bond aims to pep up the high street
Published: 05 June, 2015
Ex-Asda chief aims to build 50-strong chain by the end of 2015
Pep & Co, the value fashion and homewares brand launched by former Asda chief executive Andy Bond, will open its first UK stores next month and it plans to have 50 open by the end of the year. The retailer’s aspirations, however, are for 500 stores across the country in the next five to ten years.
The doors will opening on the first store in Kettering in early July. According to retail analyst Graham Soult shopping centres feature strongly in the acquisitions programme. “The locations revealed to date - including 3,500 sq ft to 5,500 sq ft sites, almost all inside shopping centres in medium-sized towns - distinguishes the business both from Primark's vast destination stores and the hundreds of M&Cos and Store Twenty Ones that tend to sit on secondary high streets, and rarely in malls,” he said.
Soult has identified that sites have been secured in:
- Ashton-under-Lyne (Arcades Shopping Centre)
- Birkenhead (32-36 Milton Pavement)
- Birmingham - Yardley (Unit 6 Swan Shopping Centre)
- Bolton (Market Place Shopping Centre)
- Boscombe (Unit 10-11 Sovereign Centre)
- Bristol (25-26 Broadmead Gallery)
- Burton-on-Trent (Octagon Shopping Centre)
- Corby (20 Willow Place)
- Cwmbran (13-14 Gwent Square)
- Derby (1 Albion Street)
- Dunfermline (Unit C Kingsgate Shopping Centre)
- Eastleigh (Unit 22 Swan Centre)
- Ellesmere Port (22-24 Mercer Walk)
- Glenrothes (Units 39-41 Unicorn Way)
- Gloucester (12-16 Bell Walk)
- Grays (26 West Mall)
- Hemel Hempstead (48-49 The Marlowes)
- Hull (Unit 12-14 Prospect Centre)
- Kettering (Unit 20-22, Newlands Centre),
- Maidstone (205-206 Water Lane)
- Middlesbrough (LSU1 The Cleveland Centre)
- Newbury (Unit 1-3 Kennet Centre)
- Oldham (29-30 Town Square)
- Paisley (Unit 55 B/C Piazza Shopping Centre)
- Redditch (11 Walford Walk)
- Redhill (Unit 39-40 The Belfry Shopping Centre)
- Runcorn (Unit 3-5 Runcorn Shopping Centre)
- Warminster (17 Three Horseshoes Shopping Centre)
- West Bromwich (Unit 36d Kings Square Shopping Centre).
Pep&Co promises a fresh and exciting range of great value women’s fashion and essentials, baby and kidswear, fashion for the home and accessories. It is backed by the large South African retail group, Pepkor. The group was established in 1965 and now employs over 32,000 people in 3,800 stores across Europe, Africa, and Australasia.
In one of the first confirmed property deals, Pep & Co has signed with M&G Real Estate to take a 7,700-sq ft unit at 13-14 Gwent Square, Cwmbran.