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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Jun- 2022 -30 JuneSupermarkets
Poundland to expands £1 range in response to inflation
Poundland has confirmed its intentions to reset 850-plus stores and expand the products it sells for £1 in response to rising inflation. According to new figures released last week, inflation has hit 9.1%, the highest rate in 40 years. As a result, Poundland said it would be “leaning more heavily…
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May- 2022 -17 MaySupermarkets
M&S to open new Lakeside store in 2023
Marks and Spencer has announced that it will open a new store at Lakeside centre, situated in Essex, due to launch in Spring 2023. Lakeside’s existing Marks and Spencer store will move from its current location to the new unit, covering 98,000 sq ft of net selling space. The relocation…
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Dec- 2021 -7 DecemberDepartment Stores
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers more “flexible” and “convenient” payment options. Harrods UK will allow shoppers to use Klarna’s Pay in three payment options for beauty purchases in Harrods Beauty Hall, as well as across…
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Jun- 2021 -10 JuneHR
JLP to provide six months’ equal paid parental leave
The John Lewis Partnership (JLP) has announced that it will provide six months of equal parenthood paid leave, becoming the first UK retailer to do so. In addition, two weeks’ paid leave will be given for any of the group’s staff members that experience the loss of a pregnancy. The…
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Apr- 2021 -26 AprilOnline & Digital
Gousto reaches first year of profitability since launch
Recipe box provider Gousto has welcomed “record” sales for 2020, up 129% to £189m. Meanwhile, underlying EBITDA was £18.2m, up from a loss of £9.1m in 2019, as Gousto achieved its first full year of profitability since launch. According to the group, this strong growth has continued into 2021, with…
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Nov- 2020 -13 NovemberNews
Tesco sets plans to reach net zero emissions by 2035
Tesco has announced its partnership with Low Carbon to create three new solar farms in a new effort to reach net zero emissions by 2035. The new solar farms are situated in Essex, Anglesey and Oxfordshire and will aim to generate up to 130 giga-watt hours of energy per year,…
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Oct- 2020 -15 OctoberCoronavirus
London to move to Tier 2
London and Essex will face tougher Tier 2 Covid-19 restrictions from Saturday (17 October), including a ban on the mixing of households indoors, local MPs have been told. According to the BBC, health secretary Matt Hancock is set to update MPs on the latest measures in the Commons later today.…
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Jul- 2020 -16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
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Mar- 2020 -26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
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4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
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