Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

M&S Plans Store in London’s Shard Skyscraper

July 11 (Bloomberg) -- Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, will open a store in London skyscraper the Shard, western Europe’s tallest building.

“The little bit of retail space is fully leased,” developer Irvine Sellar said in a June 29 interview. “Nothing other than the standard brands” for railway stations will occupy the space, which is adjacent to the London Bridge train terminal.

WH Smith Plc, a U.K. book retailer and stationer with more than 1,100 stores, opened a shop in the tower this week, the company said by e-mail. Marks & Spencer will have a franchised Simply Food store in the building, according to the London-based retailer.

The Shard has 5,000 square feet (465 square meters) of retail space, which opens into the train station. London Bridge is used by 55 million passengers a year and that will rise to more than 90 million starting in 2018, Network Rail Ltd. said in March. The increased foot traffic should boost rents, increasing the values of the shops.

The tower and neighboring office building the Place are 95 percent owned by the State of Qatar with the remaining 5 percent held by Sellar’s Sellar Property Group.

Marks & Spencer’s U.K. same-store sales fell 2.8 percent in the first quarter ended June 30, the company said yesterday, compared with the median analyst estimate for a 2.5 percent drop.

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.