Savers is aiming to open 30 new stores across the UK this year, targeting the south east of England.
The value-focused health & beauty chain, owned by Superdrug parent AS Watson, is focusing its hunt for sites on retail parks and shopping centres, following a successful year of trading.
It is also looking for new sites on busy high streets and local convenience parades to add to its existing estate of more than 500 UK stores.
“Following a successful year of trading, Savers Health Home & Beauty are seeking to expand their property portfolio with 30 new store openings across the UK, with a particular focus on the south east,” said a spokesperson.
“As part of our commitment to customer convenience, these carefully selected locations will aim to span retail parks and shopping centres, ensuring greater accessibility and an enhanced shopping experience for the Savers customer.”
The retailer has engaged property consultant GCW, which published a list of nearly 200 potential locations across the UK, from Abbey Wood to Yeovil.
Units should be between 1,800 sq ft and 5,000 sq ft and ideally near an underground or railway station, according to a GCW post on LinkedIn.
Savers does not publish regular trading updates, but its latest full-year accounts at Companies House report a strong year in 2023, as the cost of living crisis helped boost sales by 12.2% to £755m.
The high street chain’s “low-price proposition helped attract price-conscious shoppers who faced rising costs”, according to the accounts.
Profit before tax rose from £47m to £61.3m.
A 41.2% increase in capital expenditure to £10.5m led to nine new openings in the year as well as refits of existing stores, leaving the UK estate at 519 branches by the period end on 30 December.
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