Fashion Retailer Focuses on Optimal Locations for UK Stores
- Cath Kidston clarifies store review reports
- Reviewing individual branches as leases come up for renewal
- Shops moving to locations with higher footfall on a case-by-case basis
- Recent relocation of stores in Westfield Stratford and Edinburgh
- Cath Kidston spokesperson: ‘We are always reviewing our UK store network’
- UK remains the largest market for Cath Kidston
- No plans to radically increase or decrease store numbers
Cath Kidston has clarified reports of a formal portfolio review and instead stated that it is assessing individual branches as their leases come up for renewal. The fashion retailer, with 65 stores across the UK, aims to relocate shops to areas with higher footfall on a case-by-case basis. Recent closures include Westfield Stratford, which will be moved to White City Westfield development, and Edinburgh’s George Street store, now in a prime location on Princes Street. A spokesperson for Cath Kidston told Retail Sector: ‘Like all smart retailers, we are always reviewing our UK store network to ensure our shops are in the best locations. The UK remains our largest market both in terms of sales and store numbers. We are not looking to radically increase or decrease the number of stores we have in the UK, however, we will continue to close and open new stores to ensure we have the best estate possible to meet our customers’ needs and shopping patterns.’ Cath Kidston recently opened a store at London Bridge and will also feature at the soon-to-be-open Icon outlet at the O2 in Greenwich.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Cath Kidston’s store review process and clarifies any misconceptions regarding a formal portfolio review. It also includes specific examples of store relocations and openings to support its claims.
Noise Level: 3
Noise Justification: The article provides relevant information about Cath Kidston’s store review process and their strategy for relocating branches to better locations. It also mentions specific examples of stores being moved or opened. However, it lacks in-depth analysis or new knowledge that the reader can apply.
Financial Relevance: Yes
Financial Markets Impacted: Cath Kidston’s store locations and leases
Financial Rating Justification: The article discusses Cath Kidston’s strategy to review its store locations and relocate branches, which can impact the company’s financial performance and lease agreements, making it financially relevant.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event happening in the last 48 hours.
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