Shopping Centre Stores May Be Next Step for Robert Dyas

							Shopping Centre Stores May Be Next Step for Robert Dyas

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 Ryman Group boss Theo Paphitis is considering opening more Robert Dyas stores in shopping
 centres as he seeks to take advantage of new retail property coming online.

Online PR News – 07-November-2012 It has been reported that Ryman Group boss Theo Paphitis is
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considering opening more Robert Dyas stores in shopping centres as he seeks to take advantage of new
retail property coming online.

Paphitis is weighing up the co-location of its Ryman, Boux Avenue and Robert Dyas shops as he vies to get
hold of larger former Blockbuster, Jessops and HMV properties. The famous entrepreneur said he may
make a move into shopping centres following successful trading at Robert Dyas’ only shopping centre store
in Lakeside, Thurrock.

Paphitis, who bought the homewares and hardware retailer last July for about £10m, said he has since
made significant changes to the Lakeside store, which has been “successful” after delivering a “massive
increase in footfall”.

Paphitis, who also owns lingerie retailer Boux Avenue and Ryman Stationery, said it might be an option to
buy some of the larger stores and locate more than one of his brands in standalone shops adjacent to one
another.

Robert Dyas was originally established as an ironmonger 140 years ago and now has 97 stores and
employs more than 1,200 staff.

Robert Dyas recorded a fall in operating profit to £1.6m from £2.8m in 2011.Ryman Group said trading since
the acquisition had been “excellent”. It has forecast EBITDA will reach more than £4.5m for the financial year
ending March 31, 2013. The retailer is now also free from bank debt.

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Sandra
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