England
This coverage focuses on retail developments, trends, and performance across England. Reporting includes store openings and closures, regional economic factors, consumer behaviour, property developments, and strategic initiatives by national and local retailers. Designed for executives and managers, it offers insights into operating successfully within England’s diverse retail landscape.
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Dec- 2022 -15 DecemberEconomy
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years. At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…
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5 DecemberHigh Street
CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’
CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a “turbulent year both politically and economically”. It said the reason behind the latest change is that the economy is likely to have fallen into a recession in Q3 2022, and…
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Nov- 2022 -28 NovemberOnline & Digital
Amazon tax bill to rise by £29m next year
Amazon’s business rates are reportedly set to rise by around £28.75m next year, as next year’s business rates are set to heavily impact online retailers, according to new analysis from real estate advisor Altus Group. It warned that the online giant may be faced with paying £100m in extra tax…
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15 NovemberSport & Leisure
Next announces new partnership with Fanatics
Next has announced a new connected inventory partnership with digital sportswear seller Fanatics which will allow it to sell officially licensed sports merchandise. For the first time in Europe, Fanatics will partner with a major retailer to give its customers access to thousands of products from the top leagues and…
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15 NovemberHigh Street
Primark launches click and collect service in 25 stores
Primark has unveiled the trial of a new click and collect service that will allow customers to shop for products online and order for delivery to one of the 25 locations available. It is reported that this trial is available across the north west of England, Yorkshire and north Wales,…
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9 NovemberAdvice
How retailers can win customers in a more challenging climate
As we enter this critical period of the year for retailers, they are faced with a series of new challenges dampening consumer confidence. The impact of inflation with consumers facing real term pay cuts, increased energy costs, surging mortgage bills and now the highest interest rate hike in more than…
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3 NovemberEconomy
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it warned that the UK is set to face its longest recession since records began. At its meeting ending on 2 November 2022, the Bank’s MPC voted by a majority of…
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Oct- 2022 -28 OctoberHigh Street
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and 0.6% better than the same period last year, according to the latest monitor from the BRC and Local Data Company. This was the fourth consecutive quarter of falling vacancy rates.…
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27 OctoberNews
Passenger named one of the UK’s fastest growing online companies
Outdoor clothing brand Passenger is gearing up for global expansion as it named one of the UK’s fastest growing online companies. The New Forest company – which plants a tree for every order sold – has seen sales more than quadruple from 2019 to £11 million in 2021 as, driven…
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20 OctoberFeatures
Why Scurri predicts a spartan Black Friday
Can you tell us a little bit about Scurri and what it offers as a platform? Scurri is a cloud-based delivery management platform that connects and optimises online ordering, shipping and delivery. We like to call what we do ‘connecting commerce’, because we help retailers get their parcels into the…
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