Tuesday, June 3, 2014

News: TK Maxx planning new Rotherham store

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TK Maxx, the fashion, brand and value specialist retailer, is planning to open another store in Rotherham - at the Cortonwood Retail Park.

The off-price retailer specialises in apparel and home fashions, buying opportunistically from thousands of vendors, meaning that it can sell brand name merchandise at up to 60% less than prices at traditional department or high street retailers.

A planning application has been submitted for new signage at Unit 2 of the popular Dearne Valley retail park. Part of St Paul's Developments' fourth expansion phase in 2012, the 10,000 sq ft store was previously occupied by bed retailer, Dreams, before the branch closed as it was not part of the deal to buy the chain out of administration.

On average, a TK Maxx store has about 50,000 items and typically 10,000 new items arrive every week. With a modern and stylish, but no frills store environment, further savings can be passed on to customers.

Part of the American, $27.4 billion group, The TJX Companies, Inc, TK Maxx launched in 1994 introducing off-price retailing to the UK and Ireland. Today, with additional operations in Germany and Poland, it operates around 375 stores. It currently has a Rotherham store at Parkgate Shopping.

Adjacent to the current retail park on the former colliery site, details are being finalised for another £30m development. The Cortonwood Shopping Park is set to see a current distribution warehouse demolished to make way for eight new out-of-town retail stores, totalling around 85,000 sq ft.

TK Maxx website

Images: TK Maxx

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