Beales acquires Rochdale department store

Beales has added a further store to its growing estate with the purchase of Rochdale’s Westgate Department Store.

Beales acquires Rochdale department store

Beales already operates three department stores in the north-west – in Bolton, Southport and Kendal. The purchase brings the retailer’s number of stores to 13.

Beales reportedly paid the Anglia Regional Co-operative Society £300,000 for the store’s assets and has signed a 25-year lease on the premises.

The latest addition comes just two months after Beales’ acquisition of Robbs department store in Hexham from the administrators of Vergo Retail.

In a statement, Beales said: “We are impressed with Rochdale’s town centre plan and the new planned transport links and believe the ownership of the store will provide the people of Rochdale with a better mix of shopping in the town than the current predominance of discount retailers.”

The purchase will be completed on September 5.

Beales’ pre-tax profits leapt 67% in the six months to May 1, from £543,000 to £909,000, and the group has stated its intention to expand its presence further.

Check Also

Dexam Trust supports ‘Walk the Wight’ cause

Dexam’s product manager, Helen Boardman, completed ‘Walk the Wight’ in support of Ronald McDonald House …