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NATIONAL FASHION RETAILER FAT FACE TO TAKE SPACE AT BARRETTS STORE IN ST NEOTS

 

Following considerable local speculation over the last few weeks, Barford + Co, the St Neots based commercial property and planning consultancy, has confirmed that national multiple fashion retailer Fat Face has completed a lease for part of the Barretts of St Neots store in the town’s Market Square.  This follows the announcement last year that Barretts was reviewing its retail operation in the town. A subsequent marketing exercise was undertaken by Barford + Co which has worked closely with the Huckle family who own and run the department store. Serious enquiries were received from several companies and Fat Face was identified as the preferred tenant.

The building has been subdivided into two retail units, each with ground and first floor space. Fat Face will occupy 45 Market Square and Barretts continues to trade at a reduced scale from No. 47 at the corner of the Market Square and New Street. The company is however conducting a closing down sale and intends to vacate at the end of January.  Barford + Co has been marketing No. 47 and has revealed that the exercise attracted a high level of demand from a number of national multiples. Offers from these retailers are presently under consideration.

Alan Huckle, Director of Barretts, said “It was a very difficult decision to have to close down the premises in which we have operated for so many years and we knew it would come as a disappointment to our loyal customers and the town. However, it is pleasing that a good quality fashion retailer in Fat Face has committed to the first available shop unit and we are sure that this will be a boost for the High Street.

Phil Halmshaw, Director of Agency at Barford + Co, commented: “It has been almost an open secret that Fat Face were lined up for the shop but with the lease now completed, it is pleasing to be able to confirm that the company will soon be operating from the property. The interest we were able to generate in the retail premises is testament to the strength of the demand for prime shops in St Neots, and the attractiveness of the town in terms of its economy and potential for growth”.

A spokesman for Fat Face said “We are delighted to have been able to secure a store in the prime part of St Neots town centre and intend to be open for business in March 2017”.

The company continues to thrive and has seen a 7.9% increase in its total sales in the two month run up to Christmas.

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