Following the closure of several Ted Baker stores, prominent retailers have seized the opportunity to expand their presence in the UK.
- Ted Baker’s unexpected administration led to the closure of 15 stores, redistributing retail space across key locations.
- Reiss, a British fashion brand, has relocated its Cardiff store to a former Ted Baker site in St David’s shopping centre.
- Søstrene Grene, a Danish homeware brand, is set to open in Oxford, occupying Ted Baker’s previous Queen Street location.
- Alo Yoga continues its UK expansion by taking over Ted Baker’s former space in London’s Knightsbridge, marking its third UK location.
As Ted Baker’s British operations faced administration challenges, at least 15 of its 46 UK stores were closed, freeing up retail space in prime areas. These closures have prompted a strategic response from various retailers, eager to capitalize on the vacated locations.
Reiss, a premium British fashion brand, strategically relocated its Cardiff outlet to the former Ted Baker store in the St David’s shopping centre. This move reflects Reiss’s commitment to maintaining a strong presence in a bustling commercial area.
In Oxford, the vibrant retail environment will soon welcome Søstrene Grene, a Danish homeware brand. The brand will open its new store on Queen Street, utilizing the previous Ted Baker location, with an expected opening in late August.
Meanwhile, in London’s prestigious Knightsbridge area, Alo Yoga is poised to make its mark. The US athleisure brand has taken over a 6,070 sq ft space on Brompton Road, previously occupied by Ted Baker. This acquisition represents Alo Yoga’s steady growth within the UK market, adding to its existing stores on King’s Road and Regent Street.
Additionally, the administrator’s report from Teneo highlights the ongoing marketing efforts to sell the remaining stores. With the parent company’s strategic alliances and potential new operating partners, the transition phase for Ted Baker’s locations remains dynamic.
The closure of Ted Baker stores has opened new doors for retailers like Reiss, Søstrene Grene, and Alo Yoga, showcasing a shift in the retail landscape.
