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TK Maxx move for Gloucester stalled?

By The Citizen  |  Posted: February 23, 2013

TK Maxx

TK Maxx

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FEARS that TK Maxx may be getting cold feet over a move to Gloucester is worrying city business leaders.

The high street fashion outlet was due to take over the former Marks & Spencer store in Northgate Street this month but there's little sign, if any, of it opening.

It is believed the date it may open has been pushed back to October but TK Maxx refused to comment.

Gloucester City Council leader Paul James hopes the deal is still on.

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"TK Maxx would be a popular addition to Gloucester's retail offer," he said.

"I would very much hope they are still coming to the city. Sometimes deals of this nature have obstacles which take time to overcome, like M&S when it relocated to Eastgate Street.

"I hope it's only a delay, rather than them not coming at all."

On Thursday, the Western Gazette revealed TK Maxx is to open a 20,000sq ft store in Yeovil.

In September, it was announced in a trade journal that the Watford-based company had signed a 10-year lease with M&S and will pay £300,000 a year to rent 17,600sq ft space in Gloucester.

Then, a TK Maxx spokesman said it was "very excited to be opening a new store in Gloucester and bringing shoppers our unique shopping concept of savings of up to 60 per cent off the RRP."

M&S consolidated its Northgate and Southgate stores in the former Woolworths shop in July last year.

A source at another major city retail landlord said times are tough on the high street, and some big names are looking abroad.

"It would not surprise me in this tough economic climate, when the likes of Republic and Animal cannot make it work," said Mark Owen, chairman of the Federation of Small Businesses in Gloucester.

"It's not just Gloucester, but nationally. I still believe that Gloucester is riding the tide over other cities but all city centres need to change and adapt in order to survive."

Cheryl Lawrence, director of The Vision Centre in Northgate Street, said it needs a major name in that space.

"We would be really disappointed if they were not coming," she said.

"It's a large store, opposite Debenhams and it's such a shame to empty."

A TK Maxx spokeswoman was unable to respond to The Citizen's inquiries on the matter.

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5 comments

  • dogs_life  |  February 24 2013, 5:33PM

    After reading this, I'm wondering if TK Maxx are investigating the possibility of a long term lease on the old Comet store on the cattle market site (currently being used by YMCA) instead of moving in to the city centre. With their Homesense store right next door it would make a lot of business sense, if you come to look at one store you will probably visit both - increasing footfall across the stores (as well as being able to use the same lorry to deliver to both stores).

    |   5
  • GloucesterLad  |  February 23 2013, 9:18PM

    I wouldn't mind TK Maxx in Gloucester as it's a realy good clothes store sad it's been stalled coming here though.

  • Bonkim2003  |  February 23 2013, 11:28AM

    NibNobs - jumbles tempt people to rummage/look through /buy on impulse - good use of psychology. how often have you noticed supermarkets repositioning their goods and aisles to break customer habit and look again and on the way pick up new items they did not intend to.

    |   7
  • NibNobs  |  February 23 2013, 11:00AM

    We don't really need it anyway - the huge TK Maxx store in Swindon is a scruffy jumble sale of a shop with rails of non-matching so-called 'designer' labels arranged in sizes rather than carefully in colours or styles. The only good thing about TK Maxx is the in-store cafe.

    |   1
  • Bonkim2003  |  February 23 2013, 7:48AM

    Time we recognized the High Street as we knew it is dead in Gloucester and elsewhere. Thanks to the out of town shopping malls, car parking charges, and changing life-styles - people live in housing estates far away, just don't have the time to travel to, and wander around city centres, pay high prices, and also run to and from charged car parks with their shopping. Get real. City centres evolved when most people lived close to the core city, did not have cars, could walk to the centre, and that was the only place they could shop, and play. Times have changed.

    |   12

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