The Heart of England Co-operative is considering the future of its Coventry department store, and has instructed property consultants Bruton Knowles to carry out a market evaluation of the store.
Heart of England Co-operative Society chief executive Ali Kurji said the exercise will take place over the next six months, after which the findings will be reviewed by the board. The process could result in a sale of the store.
“The retail environment is one which is increasingly challenging and it is therefore vital that we ensure we keep pace with market forces and have a clear understanding of the value of our sites and what steps we need to take to maximise that value,” he said.
“Bruton Knowles has worked with the Heart of England Co-operative Society for a number of years. They understand our organisation and structure and are therefore ideally suited to carry out this exercise.”
The store stocks brands including Weird Fish, James Aubrey, Esprit and Gabicci.
The Heart of England Co-operative operates seven stores, three of which - Coventry, Nuneaton and Hinckley - sell fashion.