Founder of the business Chris Terry says that despite reports in the news that the High Street is facing a difficult time, they seem to be doing well.
Speaking to the industry press, Chris said;
“Despite what you hear about the state of the high street, we seem to be doing well in our part of the world.”
“We pride ourselves on offering a contemporary product with old-fashioned service. Our challenge will be to retain that as we grow as a business.”
He also adds that he has seen a 40pc increase in revenues between 2017 and 2018. They are due to open their second store in Autumn 2019.
According to reports, the second store will be located across the street. They will focus on outdoor lifestyle, sportswear, workwear and streetwear.
The Modern Draper Expansion Plans Good News For Beverley’s High Street
While the town centre in Beverley and smaller independent retailers appear to be flourishing, larger firms like Debenhams are looking to close of stores.
Even the Post Office is looking at ways to ‘restructure’ their retail division to ensure they have a presence on the high street. Under their plans, they will close Beverley’s Crown Post Office. Services will be relocated services to the nearby WH Smith store.
Smaller fashion retailers, however, seem to be performing well in Beverley. As a result, there has been a number of new businesses opening in recent months.
The Modern Draper and their plans to expand also show that high streets can continue to compete. Many worry consumers are choosing to shop online and not visit local retailers.