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New national retailer for Margate

25 March 2011

Terms have been agreed with a national retailer with over 200 outlets nationwide to move into a key shopping site in the heart of central Margate.

Store Twenty One is a clothing and homeware retailer, with its closest stores in East Kent currently located in Deal and Dover.

They intend to move into the former Marks and Spencer building later this spring, which was purchased by Thanet District Council, using funding from the South East England Development Agency (SEEDA).

Lee Amor, Executive Director, Enabling Infrastructure & Development at SEEDA, said: “Store Twenty One’s move to Margate is excellent news, both for the local community and businesses. It will help revitalise the town centre, as well as create much-needed jobs and support the growth of the local economy. SEEDA has been working closely with Thanet District Council on the regeneration of Margate, which will soon see the opening of the new Turner Contemporary, so this announcement marks another great success for the area.”

The council’s Director of Regeneration and Economic Development, Brian White, said: “We’re delighted to be welcoming Store Twenty One to Margate. With the opening of Turner Contemporary in just a couple of weeks, it’s a real endorsement for the town to see a new national retailer coming to Margate. The reason that this building was purchased was to help kickstart Margate’s regeneration. We wanted to bring job and investment opportunities back into the heart of the town, by introducing modern retailing space. With the economic slowdown, that’s taken longer than we’d originally hoped, but this news is confirmation of what the council has been saying for a while, that Margate is back on its way up. It’s another aspect of all the exciting change the town is currently seeing.”

A spokesperson for Store Twenty One said: “We’re very excited about the new Store Twenty One opening we have planned nationwide, as part of our ongoing expansion to brighten up the British high street. As one of the UK’s fastest growing fashion and homeware retailers, we’re striving to redefine the face of value for the 21st century and aim to offer a variety for the whole family. The Margate store will stock ladies’, men’s and kids’ fashion, as well as homewares, so it’s definitely worth the visit!”

Work is due to start on fitting out the store later this month (March) with a planned opening later in the spring.

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