Greater London
This coverage focuses on retail trends, developments, and performance across Greater London, highlighting store openings, leasing activity, consumer footfall, and economic factors shaping the region. Reporting is tailored for retail executives, property managers, and planners interested in location strategy, market dynamics, and commercial opportunities in the UK’s largest retail market.
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Aug- 2022 -22 AugustNews
M&S rejects complaints for Oxford Street redevelopment
Marks and Spencer (M&S) has reportedly addressed complaints surrounding its Oxford Street redevelopment plans by pledging that 95% of the materials in the existing Marble Arch building will be recovered, recycled or reused, amid opposition to plans to flatten the shop. According to the Guardian, the retailer has promised that…
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4 AugustEconomy
Footfall declines in July as north-south divide grows
Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the month’s performance also highlighting the growing divide between the north and south of the country, according to the latest data from Springboard. July saw a -17% decline compared with 2019 in high streets, a -18.6%…
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Jul- 2022 -25 JulyEconomy
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest industry in the UK – according to analysis by full-service law firm Shakespeare Martineau. It found more than 620 businesses, 62 of which came from the retail industry, filed for…
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Jun- 2022 -22 JuneEconomy
1 in 3 SMEs struggle with cost of staffing, NatWest report reveals
New research conducted by NatWest Rapid Cash has revealed that 34% of SMEs are struggling with the cost of staffing, which has led to more vacancies across the job market. In addition, 85% of recruiters say businesses are struggling to employ the talent they need, with the challenge starkest in…
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9 JuneDepartment Stores
John Lewis announces proposed locations for rental homes
The John Lewis Partnership has announced its first three locations where it proposes to build new rental homes. The three proposed sites include building over Waitrose shops in Bromley and West Ealing in Greater London and replacing a vacant John Lewis warehouse in Mill Lane, Reading. The three locations were…
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Mar- 2022 -29 MarchHigh Street
Footfall rises by 7.8% as weather improves
The second anniversary of the start of the first lockdown in 2020 delivered positive results, with a rise in footfall of +7.8% last week from the week before across all UK retail destinations, according to retail experts Springboard. It found increases in all three destination types; +9.8% in high streets,…
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Feb- 2022 -22 FebruaryNews
Storm Eunice curtails footfall rise
Storm Eunice “heavily impacted” footfall across the UK, with a -3.8% decline from the week before and drops in all three destination types, according to retail experts Springboard. However, it said the distortion created by the weather meant that the result between Sunday and Thursday was “wholly different from Friday…
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Oct- 2021 -26 OctoberHigh Street
Footfall declines in lead up to half-term
Footfall across retail destinations declined by -1.5% across the UK in the last week, according to retail intelligence experts Springboard. This drop was driven by a -3.6% decline in footfall in high streets, whilst footfall rose marginally in both retail parks by +0.9% and shopping centres by +0.4%. Whilst footfall…
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19 OctoberEconomy
UK footfall return remains steady
Footfall across UK retail destinations declined marginally by -0.7% last week from the week before, according to Springboard. UK footfall last week was +28.1% higher than in the same week in 2020, which was a strong improvement from +24.5% in the week before. The fact that footfall did not change…
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Aug- 2021 -25 AugustHigh Street
Footfall dampened by wet weather
Footfall across UK retail destinations fell by -1.7% last week from the week before as wet weather continued to dampen footfall across the nation. According to Springboard, there was a drop of -2.2% in high streets versus more “modest” drops of -1.3% in shopping centres and -1% in retail parks. …
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