New department stores are planned for Birmingham in 2015, the Victoria Gate area of Leeds in the autumn 2016 and Westfield London and Oxford in 2017.
A new flexible format shop is planned to open in Chelmsford in 2016. This format sits between the full size department stores and the 'at home' shops. The shops, averaging 65,000 to 100,000 square feet, will highlight Fashion, Home and Consumer Electronics products.
Our 'at home' format focuses exclusively on the home sector including home and electrical and home technology assortments, and with no fashion assortment. We plan to open new 'at home' format shops in Basingstoke and Horsham in 2015 and Worcester in 2016 as part of co-locations with Waitrose.
To support our expansion plans a new Distribution Centre will open in Milton Keynes in 2016 and will be responsible for large furniture, electricals and home furnishings. This is in addition to the existing distribution centre at Magna Park and the adjacent Magna Park 2 which will be fully operational in 2016.
In addition we expect there to be further opportunities for additional department stores and will look for growth through our multi-channel strategy, particularly johnlewis.com.