Derby
This coverage examines retail activity and business trends in Derby, offering insight into store openings and closures, investment in retail spaces, economic factors affecting local trade, and regeneration initiatives shaping the city’s retail environment. Reporting is designed for professionals managing retail operations, property strategy, and commercial decision-making within the region.
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Jan- 2025 -24 JanuaryNews-In-Brief
Today’s news in brief-24/1/25
Morrisons has announced plans to cut over 200 jobs as part of a restructuring effort aimed at reducing costs and enhancing operational efficiency. The proposed changes include the removal of regional people managers, store people managers, and case specialists. The company intends to replace these roles with a centralised structure,…
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24 JanuaryClothing & Shoes
Victoria’s Secret to open first premier midlands store at Derbion
Victoria’s Secret is set to open its first premier Midlands store at Derbion shopping centre. The lingerie retailer will take 5,712 sq ft of space at Derbion on a 10-year lease, as the retailer expands out of its current space in Next into its own individual unit. The new Victoria’s…
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Oct- 2024 -30 OctoberNews
Majestic launches delivery partnership with Just Eat
Wine retailer Majestic has partnered with delivery partner Just Eat in order to expand its on-demand offering. The partnership has officially launched from 43 Majestic stores, including 16 shops across London, two in Edinburgh, and branches in Sheffield, Derby, Abingdon and High Wycombe. The roll-out will include a total of…
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4 OctoberClothing & Shoes
Shein to hold informal talks with investors ahead of possible London float
Shein is reportedly set to hold informal talks with potential investors in the coming weeks regarding its much anticipated London initial public offering (IPO), according to Reuters.Three sources with knowledge of the matter said the discussions will be held as the fast fashion giant awaits UK regulatory approval to launch…
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Sep- 2024 -10 SeptemberNews
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry, citing poor performance relative to other luxury retailers and doubts about its ability to maintain premium status due to pricing and strategic issues. CEO Jonathan Akeroyd was replaced by Joshua…
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10 SeptemberSport & Leisure
JD Sports to close Derby warehouse with almost 200 jobs lost
JD Sports has made the decision to close its distribution centre in Derby, meaning almost 200 jobs could be lost, according to reports first revealed by the BBC.The outlet said staff at Derby Commercial Park were informed of the decision on Friday (6 September) following a six-week consultation period. It…
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Aug- 2024 -13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustClothing & Shoes
Shein scouts Midlands warehouse ahead of London IPO
Shein is reportedly looking to open its first British warehouse within the Midlands’ “golden logistics triangle” ahead of its anticipated £50bn listing on the London Stock Exchange, according to The Telegraph. It is understood that the fast fashion giant has sent a team of representatives to the UK to look…
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7 AugustSport & Leisure
Castore secures 10-year lease at Derbion
Sportswear brand Castore has signed a 10-year lease for a 1,771 sq ft unit at Derbion on the second level of the centre next to Foot Locker. It comes as Derbion’s JD store will be doubling the size of its current unit to a 20,175 sq ft space that will…
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Jul- 2024 -26 JulyNews
Today’s news in brief-26/7/24
Boohoo has introduced “Boohoo Brands” a new marketplace featuring over 200 labels including luxury brands like Alexander McQueen and Gucci. This move aims to consolidate its position as a leading fashion and lifestyle destination, leveraging partnerships to enhance customer choices. THG plans to cut 171 jobs across multiple divisions while…
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