Leeds

Asda plans to overtake Primark as UK’s biggest clothing retailer

Asda is reportedly planning to overtake Primark as the UK’s biggest clothing retailer, The Telegraph has reported.  According to the paper, chairman Allan Leighton believes that the supermarket’s clothing brand, George, can help lead a turnaround for the company. As part of these plans, 100 Asda stores are set to…

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UK agrees trade deal with US but 10% tariff remains

The UK and the US have reached a “first-of-a-kind” trade agreement, under which the US will slash tariffs on UK carmakers, steelworks and farmers – protecting jobs and providing stability for exporters. According to the trade deal, car export tariffs will reduce from 27.5% to 10% – saving hundreds of…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…

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Lidl to invest £500m in store expansion

Lidl has announced that it is set to open more than 40 new stores across the country, investing £500m in the process. The supermarket has published its 2025 site requirements brochure, outlining hundreds of potential locations for new stores, including high streets, retail parks, and mixed-use town centre sites. The…

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Today’s news in brief-8/4/25

Levi Strauss & Co reported a strong start to 2025, with Q1 sales rising 3% to $1.5bn (£1.17bn) and adjusted EBITDA surging 47% to $204m (£159m), exceeding expectations. Direct-to-consumer revenues grew 9%, while wholesale sales increased 3%. The Levi’s brand saw an 8% global organic growth, with the Americas up…

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Primark to double footprint at White Rose Leeds

Primark has announced that it is set to double its presence at White Rose Shopping Centre in Leeds from from 26,200sq ft to 55,700sq ft. The expansion commenced this week (7 April) and is expected to be completed by 2027. The value retailer follows in the footsteps of JD which…

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Tumi to open in Victoria Leeds in June

International travel and lifestyle brand Tumi is set to open a new store in Victoria Leeds in June. Marking the brand’s first location in the North of England, the 517 sq ft store will feature the brand’s extensive selection of premium luggage, backpacks, world-class business and travel products. Customers will…

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Aesop opens new store in Victoria Leeds

Luxury skincare brand Aesop has opened a new shop in Victoria Leeds, marking the brand’s first store opening in 2025 and debut in the North of England.  Aesop has joined Victoria Leeds’ premium tenant mix with a 753 sq ft unit alongside fellow best-in-class beauty brands, Le Labo, L’Occitane, and…

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Today’s news in brief-31/1/25

Homebase, the DIY retailer that collapsed into administration in November 2024, owes more than £650m to unsecured creditors, including suppliers AO World, Halfords, and The Hut. Administrator Teneo reported total unsecured claims of £657m, with £100m owed to trade creditors. Major debts include £2.9m to Close Brothers for till systems,…

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Superdrug appoints new property director

Superdrug has appointed Clare Jennings as its new property director, following the retirement of Nigel Duxbury.  Jennings will take over from Duxbury on 2 May 2025 and will become the third female executive on the twelve board of directors at Superdrug, following the promotions of Amy Davies to people director…

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