Following a record winter sales period, Magnet has strengthened its commercial estate with the design and roll-out of its new store format.
Starting with its Stockton store, Magnet will make a significant investment this year into a programme of new store formats and refreshments, with more investment planned for 2023. The first three stores to open with the new format in 2022 will be South Wimbledon, Sale (Manchester) and Stockton.
The investment comes after Nobia Holdings UK, which owns Magnet, reported its best-ever winter trading period to date, with turnover at £417.3M up from £394M for year-end December 2021.
Magnet’s approach for its new store format puts design excellence and the customer at the heart, with customer feedback and design detailing informing every element of the approach. It is an important step in supporting Magnet’s stand-out position on design, which is embodied by its mission of being Better By Design.
Magnet’s new store approach is full of functional spaces and interactive areas that reflect how people increasingly want to be inspired and to shop.
Stockton is the first store to feature a fully working kitchen area, which will allow Magnet’s in-store team to demonstrate how key kitchen appliances such as instant boiling water taps and state-of-the-art steam ovens, work. The fully working kitchen feature will be rolled out across all of Magnet’s new store formats.
