Holland & Barrett has announced plans to significantly expand its presence in the UK, aiming for up to 50 new store openings next year.
- The expansion is part of the company’s broader strategy to invest in physical retail and enhance accessibility for consumers.
- This move follows the successful opening of 35 new sites and the refurbishment of 280 existing stores over the past year.
- Holland & Barrett is focusing on standalone stores, new retail formats, and concessions at partner locations, including major retail parks.
- The retailer is in discussions with top partners, like Tesco and Next, to increase its concession counters and collaborate on space utilisation.
Holland & Barrett, the renowned health and wellness retailer, has revealed ambitious plans to open up to 50 new stores across the UK in the coming year. This development is a part of the company’s intensified efforts to expand its physical store network as it seeks to reach more consumers. Over the past year, the firm has already set a strong foundation by launching 35 new outlets and refurbishing 280 stores, illustrating its commitment to growth and adaptation in an evolving retail landscape.
The retailer’s strategy includes opening standalone outlets while exploring innovative new formats and increasing its presence through in-store concessions. By adopting such a multi-faceted approach, Holland & Barrett aims to cater to a wider audience and provide diverse shopping experiences. The Grocer reports that these expansions are crafted to enhance customer accessibility and engagement.
A crucial part of Holland & Barrett’s expansion strategy involves tapping into retail parks, where it currently operates 19 standalone locations. Nick Gerrard, the company’s Property and Format Director, highlighted the challenges faced due to the size constraints of available spaces at these parks. However, he noted that collaboration with established partners like Tesco and Next offers a solution, as these retailers have space that can be optimised to make their offerings more appealing to customers.
Currently, Holland & Barrett operates under 50 concessions in Tesco stores but aims to increase this number significantly, with plans to add at least eight more by the end of the year. Additionally, the brand initiated a partnership with Next in July, launching concessions in three of the high street retailer’s stores. These strategic collaborations are pivotal as Holland & Barrett continues to navigate the competitive retail environment.
Holland & Barrett’s ambitious expansion plan for 2025 reflects its commitment to growth and accessibility within the UK market.
