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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Feb- 2021 -12 FebruaryClothing & Shoes
Boohoo seeks larger London office following acquisition spree
Online fashion retailer Boohoo is reportedly seeking a larger London office following its recent acquisition spree that saw its purchases of a number of Arcadia brands and the Debenhams brand. According to the Evening Standard, Boohoo is looking to upgrade from its current London office in Euston Tower to a…
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12 FebruaryNews
Vacant units in City of London almost double amid pandemic
The number of vacant units in the City of London increased by 47% from 174 at the end of 2019 to 255 at the end of 2020, according to new research by retail data consultancy the Local Data Company This equated to an increase in vacancy rate in the City…
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11 FebruaryShopping Centres
Westfield owner to ‘significantly reduce’ exposure in US
Unibail-Rodamco-Westfield (URW) has revealed it will “significantly reduce” its financial exposure to the US and instead focus on its UK real estate. The news follows the company’s F2 2020 results which showed net rental income for shopping centres fell by 25.9% to €1.69bn (£1.4bn) from €2.29bn (£2bn) the previous year.…
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11 FebruaryClothing & Shoes
Ted Baker Q4 sales fall 47% amid low occasionwear demand
Clothing retailer Ted Baker reported that Q4 group revenues fell by 47% during the 13-week period ending 30 January 2021. It comes as the retailer said it has seen a “material negative impact” from the Covid pandemic including the closure of its entire UK store portfolio for the majority of…
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9 FebruaryCoronavirus Featured Content
How the fashion industry can survive and thrive post-lockdown
Back when the effects of the coronavirus pandemic first hit in March 2020, everyone seemed to expect the worst for both physical and online retail. Fast forward to 2021 and initial predictions for online retail could not have been more wrong. Propelled primarily by a surge in demand for makeup…
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4 FebruaryHigh Street
Retail footfall drops 65.6% in first full month of third lockdown
Retail footfall has declined 65.6% in January compared with a 41.9% drop in December, as the first full month of the third national lockdown comes to an end. According to Springboard, footfall declined by 72.6% in high streets a further 73.6% in shopping centres and 42.1% in retail parks. However,…
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3 FebruaryEconomy
13,000 Scottish retail jobs were lost before Covid-19, SRC reveals
13,000 Scottish retail jobs were lost between 2016-2018, a new paper by the Scottish Retail Consortium (SRC) reveals. The report entitled ‘Road to Retail Recovery’ also found that £3.48bn in annual turnover was lost from the industry between 2014-18; figures which are likely to “severely worsen” when the full account…
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2 FebruaryHigh Street
Footfall remains above first lockdown levels despite poor weather
Footfall across UK retail destinations rose by just +0.4% last week from the week before as poor weather deterred high street shoppers, according to the latest data from retail experts Springboard. It found that there was a “noticeable increase” in visits to retail parks as footfall rose by +4.7% and…
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Jan- 2021 -29 JanuaryHigh Street
Card Factory to receive one month covenant breaches waiver
Card Factory has been issued a one month extension to covenant breaches by banks until 28 February 2021. Earlier this month, the firm warned it was going to breach its banking covenants by the end of January, although it had access to £200m of debt facilities. The group stated it…
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27 JanuarySupermarkets
Poundland owner reports Q1 sales drop
Pepco Group, which owns brands such as Poundland in the UK, has reported a like-for-like sales decline of 2.1% in its first quarter due to lockdown restrictions resulting in store closures across the country. Despite this fall in sales, trading stores that were open for the full duration of any…
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