Footfall
This coverage explores footfall trends and their impact on the UK retail sector. Reporting includes data on shopper visits, analysis of high street and shopping centre traffic, seasonal fluctuations, and the effectiveness of initiatives to drive in-store engagement. Designed for retail executives and managers, it offers insights to inform operational planning, marketing strategies, and store performance evaluations.
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Oct- 2024 -31 OctoberEconomy
Budget reaction: Retail warns that higher costs will hamper investment
The retail industry has warned that increased costs following the Autumn Budget may hit businesses hard, with retailers facing higher costs amid new measures that come into place next April, with some warning the sector will face over £2.5bn in new costs in 2025.Yesterday, chancellor Rachel Reeves announced a series…
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31 OctoberClothing & Shoes
Dune posts £3.9m loss amid ‘challenging’ trading
Dune has reported an operating loss of £3.9m for the 52 weeks period ended 27 January 2024, compared with operating profit of £7.6m recorded the previous year. The group’s gross profit also declined from £69m to £68.2m, while EBITDA fell from £10.9m to £4.9m. Additionally, the brand’s turnover remained flat…
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23 OctoberShopping Centres
LDO secures French Connection and Rituals stores
The outlet shopping destination in Wembley Park, London Designer Outlet (LDO), has announced the arrival of French Connection and Rituals. Having agreed a three-year lease, French Connection has opened a 1,919 sq ft store, while Rituals is set to open its latest 2,434 sq ft store at the end of…
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22 OctoberClothing & Shoes
Sosandar HY losses narrow to £0.7m
Women’s fashion brand Sosandar has revealed that its losses narrowed to £0.7m, from a loss of £1.3m, for the six-month period ended 30 September 2024 as a result of margin enhancement and continued careful cost management. Overall, the group’s revenues fell from £22.2m in the prior year to £16.2m as…
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16 OctoberSport & Leisure
Sports Direct to open new store at Trafford Palazzo in 2025
North West shopping and leisure destination, Trafford Palazzo, has secured Sports Direct as its latest occupier on a long-term agreement for early 2025. Due to open a 40,000 sq ft space in the new year, this latest Manchester Sports Direct will stock brands such as Nike, Adidas, Puma and ASICS,…
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15 OctoberNews-In-Brief
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
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15 OctoberHealth & Beauty
Superdrug launches Christmas recruitment drive
Superdrug has announced the launch of a recruitment drive across its stores nationwide as it gears up for trading during its golden retail quarter. The health and beauty retailer is looking to recruit an additional 1,000 sales assistants to support stores over the festive period, expecting busy shopping periods and…
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9 OctoberSport & Leisure
Angling Direct revenues rise to £45.8m
Angling Direct, the fishing equipment retailer, has announced a 5.6% increase in revenues to £45.8m for the six months ended 31 July 2024. The group’s store sales were up 8.4% to £26.4m, while its online sales rose 2.8% to £17.0m. Like-for-like store sales also increased by 1.8% underpinned by improved…
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8 OctoberClothing & Shoes
Hobbs to upsize Victoria Leeds flagship store
Hobbs has announced that it is upsizing its shop in Victoria Leeds relocating from Victoria Quarter to a 30% larger unit at Victoria Gate. Due to open in November, the new 4,200 sq ft flagship store will allow Hobbs to showcase a wider selection of its signature women’s clothing, shoes,…
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8 OctoberShopping Centres
Frasers snaps up three more retail locations
Frasers Group has made three real estate acquisitions in strategic retail locations through its new property division, with the transactions each having been completed over the last two weeks. The bricks-and-mortar locations are Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.…
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