JD Sports upsizes at Castle Quay in Banbury

JD Sports has committed its future to Castle Quay after agreeing terms on a 10-year lease that will that will see it upscale its presence at the Banbury shopping centre. Consistently strong sales figure were one of the primary reasons behind the leading sports and fashion retailer’s decision to move into a larger 7,273 sq ft unit spread across two floors.

The announcement follows impressive trading results for JD Sports, which recorded nearly 50% in annual revenue growth over the past year. The new, larger branch at Castle Quay forms part of JD Sports’ strategy to expand its international store network, which now comprises more than 2,400 locations worldwide, 400 of which are based in the UK and Ireland.

Rebecca Deeley, Castle Quay Shopping Centre, said: “JD Sports decision to commit its long-term future to the town of Banbury is a real vote of confidence for in the town as a destination for retailers. We’re investing heavily to secure Castle Quay’s status as a compelling retail destination for the years to come and a strong retail line-up is a core part of this vision. With the arrival of the Castle Quay restaurant and leisure development in two years’ time, we expect this to be a powerful driver of footfall, ensuring Castle Quay continues to attract visitors in the years to come.”

James Air, Senior Group Acquisitions Manager for JD Sports commented: “Our new store will be a great addition in this well established destination. Adding a significant amount of floorspace over the previous store will allow us to bring in numerous additional product lines, showcased within a fresh new store environment.”

Work on the long-awaited leisure and restaurant development at Castle Quay is now well underway. When completed in 2021, the new development will meet untapped local demand for leisure and food and beverage amenities, helping to strengthen the town centre and position Banbury as a leading retail and leisure destination. Improved accessibility and facilities will also play an important part in this vision, supporting the future economic growth aspirations of the town.

This latest news follows the recent unveiling of the concept for Lock29, a unique 30,000 sq ft independent food and beverage and events space located in the former BHS store. Due to open in March 2020, Lock29 will host a diverse range of diverse and exciting food and drink artisans, such as farmer-led food provenance champion Happerley, as well as a casual screening venue for secret cinema clubs and educational activities.

BWD and Jackson Criss acted on behalf of Cherwell District Council.

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