Debenhams confirm Shrewsbury store as profits rise
Department store chain Debenhams has unveiled plans to open a new store in Shrewsbury after the company enjoyed a resurgent year on the high street.
News of the expansion came as the group reported a 4.2 per cent rise in pre-tax profits to £158.3 million for the year to 1 September after a recent sales revival.
The retailer will take 95,000 sq ft of the 225,000 sq ft new building, which will integrate with the existing Darwin and Pride Hall centres and see the existing Riverside Shopping Centre bulldozed. Around 100 new jobs will be created when the store opens in the autumn of 2015.
The new shopping mall will be covered by a glass, petal-shaped grid shell roof, similar to designs at Cabot Circus in Bristol and Trinity Leeds. Along with Debenhams it will 50 other shops, alongside office space, 10 restaurants and cafes.
A 300-space underground car park built will be built with the existing Raven Meadows multi-storey car park refurbished and the bus station entrance improved and linked to the New Riverside centre.
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