Retail Innovator Next Triples Space at Bluewater Shopping Centre
- Next triples presence at Bluewater with new upsized store
- Retailer upsizing from 44,600 sq ft to a 133,000 sq ft space previously occupied by House of Fraser
- Expansion allows for enhanced product range and unique customer experiences
- State-of-the-art store to feature men’s, women’s, childrenswear, homeware, and café
- Next relocates American beauty brand Bath and Body Works into a 2,000 sq ft neighbouring store
- Bluewater sees 12 new lettings and five upsizes in the last six months
- Pablo Sueiras: ‘Best brands investing in prime locations; Next at forefront of retail innovation’
- New store to transform department store into a destination for millions of annual visitors
Next is expanding its presence at the Bluewater shopping centre in Kent by tripling its store size. The retailer will relocate from a 44,600 sq ft space to a 133,000 sq ft area previously occupied by House of Fraser. This move allows Next to offer an enhanced product range and unique customer experiences. The new state-of-the-art store will feature men’s, women’s, childrenswear, homeware, and a café. Additionally, Next is relocating American beauty brand Bath and Body Works into a 2,000 sq ft neighbouring store. Bluewater has seen 12 new lettings and five upsizes in the last six months, including Sephora, Pull and Bear, Aesop, and Bershka. Pablo Sueiras, head of brand account management at Landsec, commented on Next’s position as a retail innovator and prime location investor: ‘The best brands are investing in bigger, better stores.’ The upsized store aims to transform the department store experience for millions of annual visitors.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Next’s expansion at Bluewater Kent, including details on the size of the new store, the relocation of Bath and Body Works, and the ongoing changes at the shopping center. It also includes a quote from Pablo Sueiras supporting the statement.
Noise Level: 3
Noise Justification: The article provides relevant information about Next’s expansion at Bluewater Kent and its impact on consumer experiences. However, it lacks in-depth analysis or exploration of broader trends or consequences for the retail industry.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Next, a retailer, expanding its presence at Bluewater Kent and relocating into a larger store to offer an enhanced product range. This impacts the company’s operations and potentially affects its financial performance. However, it does not directly mention any specific financial topics or impact on financial markets or other companies.
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 in the text.