Holland & Barrett, a leading health and wellness retailer, has ambitious plans for 2025 with the opening of up to 50 new stores across the UK.
- The company’s investment in physical retail spaces sees a continuation from last year’s success with 35 new stores and 280 refurbishments.
- Future expansions include standalone stores, innovative formats, and increased in-store concessions with strategic retail partners.
- Partnerships with major retailers like Tesco and Next are pivotal in enhancing Holland & Barrett’s accessibility.
- Nick Gerrard, Property and Format Director, highlights the strategic importance of retail park concessions to attract diverse customer bases.
Holland & Barrett is poised to significantly grow its physical retail presence in the UK by planning to open as many as 50 new stores in 2025. This strategic move follows a period where the company successfully inaugurated 35 new locations and refurbished 280 existing ones, reinforcing its commitment to investing in brick-and-mortar operations.
As part of its expansion strategy, the company plans to roll out a mix of standalone stores and develop new formats to cater to varying consumer demands and preferences. Furthermore, Holland & Barrett aims to boost its instore concessions through collaborations with leading retail partners, ensuring greater accessibility for its customers by increasing their presence in frequently visited shopping destinations.
A crucial element of this expansion is the company’s collaboration with supermarket titan Tesco, where Holland & Barrett currently operates under 50 concessions. By Christmas, at least eight new concessions are planned to be launched within Tesco stores. This move is part of a broader strategy to capitalise on the spatial advantages offered by superstores and reflect the company’s pursuit of innovative retail solutions.
The partnership with Next, initiated in July, represents another significant aspect of their expansion efforts. Holland & Barrett has introduced concessions in three of Next’s high street locations, a step that allows both companies to share customer bases and enhance each other’s retail offerings.
According to Nick Gerrard, Holland & Barrett’s Property and Format Director, there is a strategic focus on securing space within retail parks by collaborating with existing tenants like Tesco and Next. Gerrard noted the desire to make their products more accessible by leveraging available space from partners who are keen to diversify their offerings and attract more footfall.
Holland & Barrett’s proactive expansion efforts highlight its commitment to enhancing accessibility and diversifying its retail presence.
