Shopping Centres
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Jul- 2023 -25 July
Frasers owner makes £50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported. This comes as the shopping centre is being sold by Landsec,…
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Jun- 2023 -29 June
B&M revenues grow 13.5% in Q1
B&M has announced a “strong and profitable” trading momentum across the whole business over the 13-week period from 26 March to 24 June, as total group revenues grew 13.5% in line with expectations. The group also achieved like-for-like sales growth of 9.2% in Q1, with both grocery and general merchandise…
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13 June
Borough Yards welcomes 12 new brands
South London’s Borough Yards, a 140,000 sq ft regeneration project, has welcomed 12 additional brands that will see the mixed-use district expand its beauty, food, fashion and homeware operators. The new tenants include Ace and Tate, After School Cookie Club, Amorino, Atis, Bancone, Hagen, Kitchen Provisions, Longboys, Lids, Malin and…
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May- 2023 -31 May
Summer bank holiday boosts UK footfall by 5.4%
Over the May summer bank holiday weekend, footfall increased by 5.4% across all UK retail destinations, according to the latest report by Springboard. High streets benefited from the long weekend, with footfall up 8.5% compared with 2022 whilst retail parks experienced 5.2% uplift on bank holiday Monday. Footfall soared over…
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19 May
Dobbies increases support for team members’ mental health
UK garden centre retailer Dobbies will be increasing the mental health support of its 4,000 team members by training more mental health first aiders across its business. As part of the retailer’s continued commitment to the wellbeing of its team, it has increased the number of mental health first aiders…
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15 May
LDO reports sales up 17% to £19.7m in Q1 2023
London Designer Outlet has reported that its sales reached over £19.7m– an increase of 17% in Q1 2023 compared with the same period in 2022 and 5% on pre-pandemic levels (2019). It also recorded its “strongest ever” April, where sales grew to £8.6m, representing a £1.2m increase on the year…
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Apr- 2023 -11 April
Footfall surges 18.6% on Good Friday
Good Friday footfall (up to 5pm) has provided a welcome boost to retailers as it surged by 18.6% compared with the previous week, according to a new report by Springboard. The footfall in high streets was 26% higher than the previous Friday by 5pm and 8.5% higher than the week…
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6 April
Battersea Power Station welcomes 5 million visitors since opening
Battersea Power Station has welcomed more than five million visitors and over 20 new shops, eateries and leisure venue openings since opening last October. New openings at the Grade II-listed building include Jigsaw, Under Armour, ME +EM, Kiehl’s, Hackett, IWC, Swatch, Reformation, Pinko, Bimba Y Lola, Theory, The North Face,…
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Mar- 2023 -30 March
Brunel shopping centre to focus less on retail
Swindon’s Brunel shopping centre has announced plans for redevelopment with less of a focus on retail. According to the BBC , when the shopping centre opened in 1973, it was among the “first” of a new era of shopping precincts. However, 50 years later, many of the shop units are…
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16 March
Strikes cause 11.1% decrease in retail footfall, reports Springboard
Footfall declined 11% yesterday as a result of the UK-wide strike action, according to a new report by MRI Springboard. Springboard said that this decline is even “more significant” than usual as it comes on the back of reduced footfall last Wednesday (8 March 2023), when customer activity declined by…
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