TK Maxx are set to open a new store in Leamington’s Shopping Park this September, with doors officially opening at 9am on Thursday 21. The new branch is expected to create up to 42 new jobs in the area.
The brand, which advertises its products with the recommended retail price alongside an in-store discount of “up to 60% less,” prides itself on offering “a unique treasure hunt shopping experience where customers can experience the thrill of finding an amazing brand or one-off gem.” The store stocks a number of designer labels.
The budget retailer already has over 500 stores across the UK, Ireland, Poland, Germany, Austria and the Netherlands. In a report conducted by Retail Economics, an independent economics research consultancy firm, TK Maxx were also ranked as having the eighth largest market share in the UK clothing retail industry in 2016.
Leamington is vulnerable to out-of-town retail space, and needs protection from out-of-town expansion.
The new store, located in the shopping park south of the rail station and spanning 1,388 square metres, was originally occupied by Halfords automotive and cycling outlet, which is now relocating to a newer shop.
A TK Maxx spokesperson commented: “We’re delighted to be opening a brand-new store in Leamington Spa. We can’t wait for shoppers to walk through our doors and discover their own treasures.”
Warwick biochemistry finalist Yasmin Shaikh added: “It’ll be nice to have another place to look for clothes and things; I feel like we’re a bit limited in Leam compared to what I’m used to. I’ve found some cool stuff in there.”
When the plans were revealed earlier this year, however, some business owners were not pleased about the news. Ashley Collins, from LaSalle Investment Management (which owns Royal Priors shopping centre on The Parade), told the Leamington Courier: “Leamington is vulnerable to out-of-town retail space, and needs protection from out-of-town expansion.”