The Board covered plans for our store estate during the live meeting and can be found at 49:06 of the recording.
A legacy estate is one of the biggest challenges we’ve faced, and our longer-term estate strategy has been developed on the basis of stress tests, regional modelling and efficiency requirements.
We’re planning to reduce our full line store base from 255 today to around 180 in a selection of prime and core retail markets as we rotate our estate.
We believe in stores and that they can be a true source of competitive advantage. But they need to be the right stores, in the right location and offer a brilliant omni-channel experience.
2021