Essex
This coverage examines retail developments across Essex, focusing on store openings and closures, shopping centre activity, redevelopment projects, and shifts in consumer behaviour. Reporting includes updates from key locations such as Lakeside, Basildon, Southend-on-Sea, and Brentwood, analysing how economic pressures, online competition, and local regeneration efforts are shaping the region’s retail landscape. The content is tailored for retail managers, property professionals, and executives overseeing operations in regional markets.
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Dec- 2024 -18 DecemberSupermarkets
Aldi to invest £650m in expansion plans in 2025
Aldi is set to invest around £650m across the UK in 2025 as part of the group’s ongoing expansion plans. This includes the development of new stores in Fulham Broadway in London, Billericay in Essex, and Cheadle in Stoke-on-Trent, with the supermarket targeting around 30 new store openings next year.…
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Sep- 2024 -23 SeptemberShopping Centres
SGS Group refinances four UK shopping centres
SGS Group has officially refinanced four major shopping centres – Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham and Braehead in Glasgow – following a £445m loan from OakNorth. The four shopping centres, which are spread across 4.6m sq ft, have a catchment population totalling 9.4m and boast…
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18 SeptemberClothing & Shoes
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27 January 2024, marking another year of record growth. The group also reported record revenues, which increased by 7% to £319.5m, with EBITDA rising 41% to £22.5m and operating profits rising…
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Jul- 2024 -19 JulyDIY
Carpetright rival close to rescue deal
Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The Times. This comes after Carpetright placed its administrators at PwC on standby last Friday (12 July), as it sought “a period of protection” to secure an additional investment. While the…
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Feb- 2024 -15 FebruaryShopping Centres
Clacton Shopping Village marks ‘record-breaking’ 2023 trading
Clacton Shopping Village in Essex has experienced a “record-breaking” 2023 after welcoming a new high of 1.6 million shoppers and sales of £21m for the first time. The shopping destination, which celebrates its 25th anniversary this year, saw a record £630k taken in the week leading up to Christmas when…
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Dec- 2023 -6 DecemberNews
Today’s news in brief-6/12/23
Farfetch is reportedly contemplating the sale of fashion retailer Browns as part of efforts to secure the company’s future amid a funding crisis. Founder José Neves is in talks with shareholders and JP Morgan about potentially delisting the business. The company is also in discussions with Richemont for additional funding.…
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6 DecemberNews
Part of Lakeside to be demolished for £200m redevelopment
Part of Lakeside shopping centre in Essex will be demolished to make space for a £200m warehouse and distribution centre, BBC News has reported. Several stores including Boots, M&S, Asda Home and Burger King will be affected by the plan and will be relocated elsewhere on the site in Thurrock.…
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Oct- 2023 -31 OctoberClothing & Shoes
Footasylum furthers expansion with new Birmingham and Watford stores
Footasylum has continued its expansion with the opening of two new stores, having opened a new site in the Bullring in Birmingham, and one in the atria shopping centre in Watford. Following these openings, the group said an upsized store in Fosse Park Leicester will also be opening next month. …
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30 OctoberNews
M&S to sell Jaeger brand in 20 more stores
Marks and Spencer has today (30 October) announced that fashion brand Jaeger will open in a further 20 stores across the UK, following the iconic heritage brand’s ongoing success in store and online. Following a successful trial last year, where selected M&S stores welcomed a dedicated space for Jaeger, M&S…
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Sep- 2023 -14 SeptemberSport & Leisure
Footasylum opens new 10,000 sq ft store in Essex
Streetwear and sportswear retailer, Footasylum, has opened its new 10,000 sq ft store in Lakeside Shopping Centre, Essex, and will be led by its footwear and men’s apparel offering. According to the retailer, the store represents a “first-of-its-kind concept” development and has an improved look and feel. This comes after…
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