The Original Factory Shop has announced plans to increase its number of stores as it continues with its mission to become the UK’s leading local, value, brand led retailer.
The retailer plans to open over 50 new stores over the coming three years – including stores in Whitby, Yorkshire and Frinton-on-Sea, Essex which will open on Monday 12 April. These follow two recently opened new stores – in Nailsea, Somerset and Holsworthy, Devon – and are likely to create around 400 jobs with roles including store managers and supervisors.
The business also announces that Alistair McGeorge will be re-joining as chairman, succeeding Matt Williams.
Alistair McGeorge commented: “I am pleased to be re-joining the business at such a pivotal time and I am really excited about the growth plans that are already beginning to come to fruition, led by a superb leadership team.”
Peter Taylor, senior advisor of Duke Street, commented: “It has been a pleasure working with Matt over the last six years. He has been instrumental in the development and success of the business and we wish him the very best in his new ventures. We are now delighted to welcome back Alistair McGeorge who, having previously spent four years as Chairman of The Original Factory Shop, has a real understanding of the business.”
This is the next stage of a growth plan for the retailer which in the last six months has launched its first transactional website, as well as a “Reserve & Collect” service available at its stores nationwide. The business is financing its ambitious new growth plan through strong cashflow generation and a flexible new credit facility.
Phil Briggs, managing director for The Original Factory Shop, says: “Our shops sit at the heart of local life, making a difference in communities. This commitment to store opening targets over the next three years is testament to the importance of convenience stores and the role that our shops play in local life and will help provide more job opportunities locally at a time when they need them most.”
During the pandemic, the business remained open as an essential retailer and played a key role in serving local communities as customers increasingly preferred to shop locally rather than travel longer distances to larger towns. With many stores located in coastal and seasonal towns, they are also likely to benefit from the growing demand for staycations this year.
The retailer sells groceries and essential items at supermarket prices or better, with leading brands including Coca-Cola, Pedigree, Finish, Walkers and Andrex. It also regularly features new and exciting bargains from brands including Orla Kiely, Under Armour, Nike, Molton Brown, Sketchers and Clarins.
The Original Factory Shop, founded in 1969, now has 166 stores across the UK.