News

Kiehl’s marks 175th anniversary with Carnaby Street opening

Kiehl’s has marked its 175th anniversary with the opening of a flagship space at 43 Carnaby Street in Soho, London. The beauty and wellness brand – which was founded in 1851 in New York – will open a 1,300 sq ft space, spanning three floors. The boutique offers a variety of cosmetic products including face creams and UV serums. The opening marks the second standalone boutique for Kiehl’s in the West End, joining 55 Monmouth Street, which was a recent upsize for the brand. Both openings were secured by landlord Shaftesbury Capital. William Oliver, director of retail and restaurant leasing at Shaftesbury Capital, said: “Bringing Kiehl’s to the heart of Carnaby Street strengthens a great partnership. Having worked closely with the brand on an upsize in Seven Dials, this new store ensures more visitors to the West End can explore and experience a quality offer, building brand loyalty and pointing to the power of having prime space as both a direct retail environment and showroom for the online customer. That Kiehl’s wanted to launch this European flagship on Carnaby Street, in its 175th year, also highlights just how highly-regarded the destination is, and how important it is for unmatched brand […]

Deals

Derbion bolsters retail lineup with five new additions

Derbion in Derby has bolstered its retail offer with the signings of independent toy store BarnDawg, bakery school Dew, and health and beauty specialists Savers, Thérapie, and Royal Oud. BarnDawg, a specialist in building brick sets including LEGO, will occupy a 1,112 sq ft store after signing a five-year lease, while bakery school Dew has signed a five-year lease for a 1,340 sq ft space. In addition, Savers has signed a 10-year lease for a 3,207 sq ft store which will include a range of health and beauty products alongside household goods, medicines, and fragrances. Meanwhile, Thérapie has signed for a 2,004 sq ft clinic offering laser hair removal, cosmetic injections, and skin treatments. Derbion is also set to welcome fragrance specialist Royal Oud, which has signed for a 655 sq ft space. These signings come as health and beauty continues to perform well at Derbion, with the sector becoming the centre’s biggest turnover category contributor. Over the past two years, five of Derbion’s health and beauty retailers have refitted or relocated, investing a combined £3.37m in their stores. The scheme has also recently welcomed Bodycare and Bath & Body Works, both of which have opened flagship spaces. Beth McDonald, managing […]

Requirements

Costa Coffee brews up further expansion

Costa Coffee has unveiled its latest property requirements as it looks to continue its expansion across England, Scotland, and Wales. The coffee shop chain, working with its long-standing partner Savills, is looking to open new locations in retail parks and shopping centres, as well as on high streets and within travel locations. Costa Coffee is also looking to open drive-through units in out-of-town retail locations. Ideal units will range in size between 1,250 sq ft and 2,200 sq ft and be located adjacent to foodstores, retail warehousing, and leisure space. Within retail parks, Costa is seeking units ranging between 1,500 sq ft and 2,500 sq ft in size with external seating. Freestanding or in-line units will be considered, with nearby car parking a necessity. Ideal units will be situated in out-of-town locations with significant traffic flow, adjacent to foodstores, and retail and leisure clusters. In high street and shopping centre destinations, Costa is looking for units between 1,500 sq ft and 2,500 sq ft with outside seating. Locations such as universities, hospitals, and leisure destinations will also be considered. The operator is also looking to open new sites within travel locations such as transport hubs and train stations with significant […]

Insights

Opinion: Out of town retailers race for space in increasingly “sticky” market

The out of town retail market is facing supply challenges due to a very limited development pipeline and existing occupiers increasingly looking to remain in situ. With extremely tight vacancy in this market, the challenge is not a lack of appetite for space, but whether a suitable unit will become available at all.

Advice

Turn lease events from growing pains into commercial gains

By Simon Matley, director for dilapidations and occupier services at TFT After a period of acquisition, a large commercial retail portfolio can become either a major liability or a powerful cost saver for retailers who need every advantage they can get in a challenging consumer market. For national multiples and high street brands, often with sizeable portfolios numbering in the hundreds of units, or for smaller regional operations that are growing at speed, flexibility and control are hugely important. Brands today are adapting their portfolios in light of changing consumer behaviour and omni-channel retailing, and this is shaped by the increasingly sophisticated data capture that allows them to better understand stock, fulfilment, customer behaviour, and operations. For many who have been acquiring premises over the past 10 years, they will almost certainly find that data allows them to be more efficient in the space they need, not least because of the growth of last mile logistics and on demand deliveries which enables occupiers to be nimble in how they use their spaces. Whether they operate on the high street, in retail parks or rely on distribution centres, retailers want to scale fast, explore new territory and snap up the right […]

News

Hollister to open first Scottish outlet store at Livingston Designer Outlet

Hollister is set to open its first outlet store in Scotland at Livingston Designer Outlet this winter. The fashion retailer will open a 8,000 sq ft store, occupying a space vacated by Nike following the brand’s relocation into a significantly expanded store. Hollister will join an established lineup of fashion retailers at Livingston Designer Outlet that includes Calvin Klein, Tommy Hilfiger, and Levi’s. The signing builds on a period of strong leasing momentum and continued investment at Livingston Designer Outlet. This year has seen refit commitments from Castore and NEXT, and new lettings to Flip Out, Tikka Nation, and Hamilton & Brown. Nicky Lovell, head of outlets and retail business development at Global Mutual, said: “We are very excited to be welcoming Hollister to Livingston. It’s a great addition that broadens our fashion offer and gives younger shoppers another reason to visit. “Securing its first Scottish outlet, alongside Nike’s recent upsize, shows real brand confidence in Livingston. It also comes at an important time, ahead of the key Christmas trading period.”