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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Jan- 2022 -11 JanuaryFeatures
Diversification – the pandemic lifeline
Business diversification is not a novel notion. Renowned e-commerce website Amazon is said to be one of the early companies that diversified its offerings, transitioning from a marketplace of reading material to the commercial giant it is now. The eruption of coronavirus demanded more innovation from businesses. Many firms across…
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11 JanuaryHigh Street
Footfall declines as workers stay away from office
Footfall declined by -6% last week across all UK destinations from the week before, but working from home continued to heavily influence footfall with footfall dropping by -25.6% in Central London, according to Springboard. In comparison, local high streets experienced a far more modest decline from the week before; in…
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10 JanuaryOnline & Digital
THG hands FCA dossier on ‘irregular’ trading claims
THG has reportedly handed over a dossier to the financial watchdog the FCA which it hopes will prove that it experienced a coordinated attack on its share price. According to The Times, THG has passed over data that it believes indicates irregular stock market trading and short-selling. The paper also…
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10 JanuarySupermarkets
Sainsbury’s to raise store staff pay to £10 per hour
Sainsbury’s has revealed it will increase its basic hourly rate of pay for all Sainsbury’s and Argos store colleagues from £9.50 to £10 an hour. The pay rise will come into effect on Sunday 6 March 2022 with the first payday being 8 April 2022. For colleagues in inner London,…
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7 JanuaryEconomy
Tube strikes threaten West End footfall
A proposed six month strike action across London’s Night Tube is set to bring disruption to businesses across London’s West End in the coming months. Tube union RMT confirmed that strike action would go ahead every weekend on the Night Tube from today (7 January) through to June in an…
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4 JanuaryDepartment Stores
New Selfridges owners unveil hotel plans for flagship store
The new owners of Selfridges, The Central Group, reportedly plan to open a new luxury hotel and serviced apartments as part of a revamp of its flagship Oxford Street store. According to the Financial Times, the Thai-based group and its Austrian real estate company the Signa Group also want to…
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4 JanuaryHigh Street
Retailers see New Year’s Eve footfall boost
Retailers saw a pleasant end to the year with footfall rising 5.2% on New Year’s Eve, according to the latest figures from Springboard. This is a sharp contrast with New Year’s Eve 2019 when high street footfall declined by -9% from the week before. It comes despite a footfall drop…
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Dec- 2021 -21 DecemberNews
Missguided secures ‘significant’ investment
Missguided has announced it has secured a “significant” investment deal with London-based investors, Alteri. It revealed Alteri’s investment, comprising both debt and the acquisition of 50% of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as…
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21 DecemberSupermarkets
Unite suspends two-day HGV strike action
Unite union has suspended a two-day strike which could have affected deliveries to 1,500 convenience stores across London and the South East. The two-day strike, which was due on 23 December 2021, would have included Christmas Eve by drivers employed by the Tesco-owned Booker Retail Partners at its Thamesmead site.…
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21 DecemberHigh Street
UK high streets suffer as Covid concerns grow
UK high streets saw footfall decline by -2.6% over pre-Christmas weekend, according to the latest figures from Springboard. Although footfall across UK retail destinations rose by 5.5% last week from the week before, it ended with a disappointing performance, felt especially by large city centres, with footfall over the weekend…
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