Following months of intricate negotiations Opportunity
Peterborough has confirmed that discount designer retailer TK
Maxx will be moving into the former Woolworths building on Bridge
A great deal of effort has gone into securing the deal with
Opportunity Peterborough, Peterborough City Council and TK Maxx all
working together with the owners, LaSalle Investment Management.
Remedial works and shop fitting will now commence with the official
opening anticipated in spring 2011.
Director of economic development at Opportunity Peterborough
Neil Darwin said: "This is excellent news for the city. Bringing a
destination store like TK Maxx to Peterborough is proof that we
have the right environment to attract big name retailers.
"This will create up to100 jobs for the city while also
dramatically increasing the footfall and vibrancy of Bridge Street,
having a positive effect on the wider city area."
TK Maxx, famous for its ‘labels for less’ concept, is one of the
largest fashion retailers in the UK and sells a range of goods from
clothing to homeware. With over 260 stores across the UK, Ireland,
Germany and Poland, the retailer’s move to the city is testament to
Peterborough’s growth credentials.
Helen Gunter, spokesperson for TK Maxx said: "We are very
excited to be opening up a new store and bringing Peterborough's
shoppers savings of up to 60 per cent off the recommended
retail price on great brands and labels for all the family under
one roof. The TK Maxx concept is simple - TK Maxx buyers shop the
world all year round dealing direct with designers negotiating
great deals to bring customers famous brands at a fraction of
normal retail prices.
“With a modern and stylish but no frills store environment,
further savings can be passed on to customers. A typical TK Maxx
store stocks an average 50,000 items with fresh daily deliveries
bringing up to 10,000 new items to store every week. So customers
will always find a constantly fresh and exciting mix of top brands
and great quality at the lowest prices, every time they visit."
Leader of Peterborough City Council Councillor Marco Cereste
said: "This is another great example of retailers recognising the
value of our considerable investment in the city centre public
realm works and our continued commitment to significant growth
plans. We’re delighted that despite the challenging economic
conditions, Peterborough is still able to demonstrate progress with
these ambitious plans."