Matalan is on the hunt for 25 stores across the UK in the next three years, as part of its continued expansion plans.
The British fashion and homeware retail brand has an active requirement for sitesfrom 10,000 to 35,000 square feet, with a sales mezzanine on units between 10,000 to 20,000 square feet, marketing documents on LinkedIn showed.
Leasehold is preferred on the sites, which include potential in and out of town locations across the UK.
It is looking for locations in retail parks, town and shopping centres with a ratio of 1:200 square feet for car parking at sites with Class E use cases.
Savills is leading the search for sites in Scotland and Northern Ireland, with HLRE managing the requirements in Wales and the North/Midlands and Smart 4 searching for sites in the South.
The move follows the recent appointment of former H&M boss Henrik Nordvall as chief executive from February 2026 and forms part of a wider search for locations for 2026 and the years that follow. Nordvall spent around three years as country manager and CEO of the Swedish brand’s UK and Ireland operations after spending 17 years at the company.
The group's earnings before interest, taxes, debt and amortisation before exceptional items for the 52 weeks ended 22 February 2025 was £148.3 million, compared with £146.2 million in 2024, according to the financial statements of Maryland Holdco for the 52 weeks ended 22 February 2025. The pre-International Financial Reporting Standards 16 EBITDA before exceptional items, which excludes the impact of IFRS 16 operating lease charges, was £56.1 million in 2025, up from £52.8 million the year prior.
Earlier this year the company received a capital injection from its anchor investors that is earmarked for bettering store layouts, improving customer experience and expanding the brand’s national footprint, statements said. This included “upgrades to 30 stores a year” and “plans for an ambitious store opening programme across the UK over the next 5 years” as part of a multi-year transformation programme, documents said.
Reports from earlier this year said the funding received was to the tune of £25 million from Invesco, Tresidor, Man Group and Napier Park, to upgrade and grow the portfolio as well as improve the supply chain and launch of a app, according to retail title The Industry.Fashion.
Matalan owns and operates a portfolio of over 220 stores in the UK, with an additional 40 franchise stores internationally. It offers a range of fashion and homeware both instore and online via its omnichannel experience.
Savills, HLRE, Smart 4 and Matalan did not respond to requests for comment.