Sir Philip Green is conducting a review of Arcadia with plans to inject significant capital investment into a store refresh of the business’ fascias.
Speaking ahead of his appearance at the World Retail Congress today, Green said the review had seen trials of the refits at a handful of stores including Evans on Oxford Street and Dorothy Perkins in Bluewater.
The teams behind these were now working on a final set of plans, which will be put forward to him within the next three-to-four weeks. All brands, including BHS, will receive investment, although Green would not be drawn on whether any would require greater levels of expenditure or what the final total was likely to be.
Each retailer will receive capital to refresh up to 20 stores, with Green saying the trial stores had already seen an uplift resulting in “double figures”.
Green said: “With the number of stores we’ve got, we’re constantly investing [but] this is a more focused investment now, having tested a few things.”
The timing was a combination of the growth of ecommerce and leases coming up for renewal he said. “With all that going on if we don’t invest – well, it’s not an option, you have to.”
Green added: “With everyone going online it’s important that when you get them in store it looks good.”