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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Aug- 2022 -9 AugustAnalysis
How luxury brands are turning to young consumers to boost sales
Despite the cost-of-living crisis having a firm grip on consumers, it seems that luxury brands are finding ways to retain and attract young customers through refreshing their campaigns, diversifying their offering and leaning into sustainable initiatives. Hugo Boss kicked off 2022 with “social-first” campaigns, for example, that made use of…
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8 AugustEconomy
Women’s Euro and summer heatwave reduce online retail sales decline
Online retail sales growth dipped -2.3% year-on-year (YoY) in July 2022 as the Women’s Euro final and the summer heatwave helped reduce the decline, according to the latest IMRG Capgemini Online Retail Index. While this is a continuation of the negative growth that has been consistent across 2022, it was…
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5 AugustGovernment
UK recession can be averted, claims Truss
In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert a recession if she wins the leadership contest. The claim comes after the Bank of England projected that the UK would enter a recession in this year’s fourth quarter, with…
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4 AugustEconomy
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…
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3 AugustHigh Street
Poundland targets 25 new sites amid wide-ranging price cuts
Poundland has confirmed it is set to open 10 new and relocated stores before the end of September, with up to another 15 in the pipeline by the end of the year. The new openings stretch from South Wales and southern England to the north of Scotland, and its store…
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1 AugustHigh Street
Shop vacancies fall for third quarter in a row
In the second quarter of 2022, the overall GB vacancy rate decreased to 14.0%, which was 0.1 percentage points better than Q1 and 0.5 percentage points better than the same period last year, according to the BRC. This was the third consecutive quarter of falling vacancy rates. All locations saw…
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Jul- 2022 -22 JulyEconomy
Transitional relief could cost retailers over £1bn, BRC warns
Retailers have warned that the failure to fix the “flawed” Transitional Relief system could cost the industry over £1bn between 2023-2026, and it will reportedly force shops which are most impacted by artificially inflated rates bills to close, according to the British Retail Consortium (BRC). The BRC is calling for…
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18 JulyHigh Street
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard. However, high streets in coastal towns have seen a surge of footfall, rising by 9.0%. The largest drop was seen in greater London, which was down -13% across high streets…
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8 JulySupermarkets
Asda launches £1 meal charge for children
Asda has unveiled what it calls its “strongest ever initiative” to help feed children amid the cost of living crisis, which will see children across Scotland and Northern Ireland eat for only £1 at any time of day in Asda Cafés, seven days a week, with no minimum adult spend…
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6 JulyEconomy
Chapel Down H1 revenues meet expectations amid expansion plans
Chapel Down, an English wine maker based near Tenterden, Kent, has reported its H1 revenues met management expectations as it is on course to double in size over the next five years. Chapel Down said the outlook for the rest of 2022 remains “positive” and expects margins to improve “resulting…
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