Tuesday, January 21, 2014

News: USC to open Rotherham store

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Fashion retailer, USC is set to open a new store at Parkgate Shopping in Rotherham.

Owned by Sports Direct, USC is a premier destination for branded clothing, footwear and accessories and is home to an extensive collection of mainstream and independent footwear and apparel brands including G Star, Diesel, Firetrap and Vero Moda.

Recruitment began at the end of last year and the new store looks set to take over the unit vacated by troubled retailer, HMV in 2012.

The move follows the recent openings of a Nike Factory Store and fashion retailer, Blue Inc on the popular park. Owned by Hercules Unit Trust, which is advised by British Land and managed by Schroders, Parkgate Shopping is one of the largest retail parks in the UK, home to over 40 shops and attracting around seven million visitors a year.

USC is part of the "premium lifestyle" division of Sports Direct, the FTSE 100 Index company which is controlled by the Newcastle United owner, Mike Ashley.

Sports Direct bought fashion chain USC in 2011 as part of a move to take the retailer more upmarket. Other acquisitions included Cruise, Van Mildert, Flannels and Republic. Sports Direct bought the Republic chain out of administration last year and has converted 43 Republic stores into USC stores while a further 44 Republic stores were closed and the Republic warehouse and head office in Leeds were transferred to USC facilities. The group expects a continued evolution of its USC format.

For the 26 weeks ended October 27, Sports Direct's premium lifestyle division enjoyed sales of £103m and adjusted earnings of £12m.

Last year at Parkgate, Sports Direct itself expanded into the former JJB Sports unit next door. As the turnaround continues at the park, the large unit vacated when electrical retailer, Comet, went into liquidation, has recently gone under offer.
Parkgate Shopping website

Images: USC / Four by Two

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