Discounter 99p Stores aims for 150 new stores over next three years

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Walton:

Walton: property search

Discount retailer 99p Stores has appointed property firm Harris Lamb to identify and acquire new sites across the Midlands and in the North of England for the growing empire.

The business, which opened its 250th store in Northampton last month, has appointed Harris Lamb to help it achieve its aim of launching a further 150 stores over the next three years.

David Walton, head of retail at Harris Lamb, said: “99p Stores is a fast-growing empire, with footfall of more than two million customers every week. The business is now keen to increase its footprint across the UK, and has retained us, along with Norbury Sansom in the South of England, Fletcher Morgan in Wales and Wright Buchanan in Scotland, to help identify sites to help them do so.

“We’re now using our knowledge of the UK market to identify high street, shopping centre and retail park locations in major towns and cities that will make suitable additions to the chain,” he said.

Suitable sites will boast ground floor sales areas of 5,000-10,000sq ft, storage areas of between 2,500 and 4,000sq ft and have open A1 consent.

They will enjoy prime locations to benefit from high customer footfall with national retailer brands located close by.

Tony Brown COO of 99p Stores said: “We have appointed Harris Lamb as they have the capability to drive our expansion plans and seek out the best property opportunities.”

Walton said: “We are aiming to have a number of new stores open before Christmas, and we’re already in conversations with a number of contacts to help us fulfil that. We’re keen to speak with landlords and owners of retail properties that fits these criteria.”