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Department Stores: Green Shoots After Five Years of Closures

CoStar Crunches the Numbers and Finds Plenty of Reason for Optimism
This rendering shows Invesco's plans to turn the former House of Fraser store in Manchester into offices. (Invesco)
This rendering shows Invesco's plans to turn the former House of Fraser store in Manchester into offices. (Invesco)
By Jonathan Haslam
August 27, 2021 | 6:31 AM

The high-profile failure of department store chain BHS back in 2016 marked the beginning of an unprecedented five-year period of store closures for the sector. However, landlords, retailers and local authorities have been responding, with regeneration and repurposing plans accelerating, according to CoStar’s latest research.

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