London
This coverage focuses on retail activity, trends, and developments in London, a central hub of the UK retail industry. Reporting highlights flagship store openings, property developments, regional economic factors, consumer behaviour, and strategic moves by both international and domestic brands. Tailored for retail executives and managers, it offers insights into operating and competing in one of the world’s most dynamic retail markets.
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Feb- 2022 -3 FebruaryHigh Street
Jan footfall 20% down on 2019 figures
Footfall in UK retail destinations weakened in January, reaching a gap of -20.8% from the 2019 level versus -18.6% in December, according to Springboard. It said that the drop in levels was driven by a “poorer relative performance in high streets and shopping centres”. However, it said it was “a…
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2 FebruaryOnline & Digital
Amazon to create 1,500 UK apprenticeships in 2022
Amazon is set to create 1,500 new apprenticeship roles across the UK in 2022. The online giant will create 40 apprenticeship schemes that include areas such as publishing, retailing, marketing, environmental, social and corporate governance, engineering and health and safety. The schemes will also include more than 200 apprenticeships which…
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Jan- 2022 -28 JanuaryHigh Street
Store vacancy rate improves for first time since 2018
New research has found the number of vacant stores has decreased for the first time since 2018, according to the latest BRC-LDC Vacancy Monitor. In Q4, the GB store vacancy rate fell to 14.4%, 0.1 percentage points below the Q3 level. Shopping Centre vacancies improved to 19.1% for Q4, a…
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25 JanuaryCoronavirus
Study reveals areas hit hardest by Covid-induced retail insolvencies
Norwich has been revealed as the area hit hardest by Covid-induced retail insolvencies, according to a study by Wholesale Clearance. It revealed that between March 2020 and September 2021 Norwich experienced 8.27 businesses shutting down out of every 100 and a total of 49 insolvencies. It said that for Norwich,…
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25 JanuaryOnline & Digital
Getir to create 6,000 UK jobs in 2022
Getir, a rapid grocery delivery app, reportedly expects to create up to 6,000 jobs in the UK this year alone. According to Sky News, the Turkey-based start-up has already created 4,000 jobs in the country, a figure that is expected to rise to 10,000 by the end of 2022. The…
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21 JanuaryEconomy
Signs of footfall return ahead of lifting of Plan B
Increases in footfall are already beginning to be seen after the announcement of the end of Plan B, with footfall on Thursday 20 January up 1.9% on the day previous, and 0.2% on the same day last week, according to the latest figures from Springboard. However, Springboard said that the…
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21 JanuaryNews
Dunelm appoints non-executive director
Dunelm has announced the appointment of Kelly Devine as a non-executive director. Devine will join the board on 1 March 2022, and will be a member of the Audit and Risk, Remuneration and Nominations committees. According to the firm, she is president, UK and Ireland of Mastercard, where she has…
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18 JanuarySupermarkets
Aldi launches first checkout-free store
Aldi has launched its first checkout-free concept store, Aldi Shop&Go, in London this morning for public testing. After having been tested by Aldi colleagues in recent months, the trial store in Greenwich allows customers to complete their shop without scanning products, or having to go through a checkout. Through the…
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18 JanuaryEconomy
Footfall rise shows first signs of return to office
Footfall across UK retail destinations rose by 1.5% last week from the week before, according to Springboard. High streets were responsible for the majority of the rise, where footfall rose by 7.2%, indicating what Springboard said are the “first signs of confidence in returning to the office”. In comparison, footfall…
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13 JanuaryClothing & Shoes
Asos to move to main stock market amid sales boost
Asos has announced its intention to move to London Stock Exchange’s Main Market at the end of February 2022 after recording “robust” sales for the four months ended 31 December 2021. During the period, revenue grew 5% to £1.4bn, up from £1.36bn the previous year. As a result, the retailer…
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