Shopping malls and high streets both face online challenge - K3 Viewpoint - K3
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  • Shopping malls and high streets both face online challenge – K3 Viewpoint

At a time when we are seeing retailers on the high street come under ever more pressure there continues to be examples of massive expansion by merchants at some of the marquee shopping centres.

The results from Next recently highlighted how it was dealing with a tough balancing act as it manages the decline of its stores base while at the same time handles the continued growth at its online Directory business. But against this backdrop it opened an expanded 70,000 sq ft store in the Spring at Intu Lakeside.

It was joined by H&M that doubled the size of its unit to 36,000 sq ft. Like Next, it has also highlighted how tough it is dealing with physical stores at the same time as a growing percentage of sales are shifting online. They will both be joined by River Island, which at 21,000 sq ft will be doubling its footprint at the mall, and creating one of its largest stores.

Read the full article from the Retail Insider here