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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Nov- 2021 -2 NovemberProperty
Landsec to acquire U and I Group for £190m
Landsec has reached an agreement to acquire urban regeneration group U and I for a total of £190m, at a price of 149p per share. The retail landlord said the move would combine U and I’s front-end development capabilities, placemaking skills and portfolio of core regeneration projects with Landsec’s “development…
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2 NovemberEconomy
Footfall surges during half-term break
Footfall across UK retail destinations rose by 11.1% last week from the week before, according to latest data from Springboard. This is just shy of the 11.6% week on week increase in the week before the late May bank holiday. High streets and shopping centres benefited the most with rises…
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Oct- 2021 -27 OctoberProperty
Ikea to open in former Topshop Oxford Street site
A new Ikea store is set to open its doors in the heart of London with a new location at Topshop’s former Oxford Street site. The new store is planned to open in autumn 2023, and will have a focus on home-furnishing accessories, with a full range available to buy…
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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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25 OctoberSupply Chain
UK logistics space falls to ‘record low’, report finds
Logistics and industrial space across the UK has fallen to a “record low”, with demand rising amid the 16.1 sq ft already taken in Q3, according to new data from Cushman and Wakefield. It found that 48.9m sq ft was taken so far this year, with 2021 on track to…
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20 OctoberClothing & Shoes
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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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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19 OctoberSupermarkets
Tesco opens first checkout-free store
Tesco has opened its first ever checkout-free store in London, as part of a trial that will see customers shop and pay without scanning a product or using a checkout. The rollout of its ‘GetGo’ concept to Tesco Express High Holborn follows a successful trial at Tesco’s colleague store in…
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18 OctoberEconomy
The Hut Group owner surrenders golden share to reassure investors
Matthew Moulding, the boss and founder of the online beauty, nutrition and technology services group The Hut Group, is set to give up his golden share in the company in a bid to reassure investors. It was reported that The Hut Group, which floated just over a year ago, will…
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18 OctoberDepartment Stores
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of the department store chain. The Mail On Sunday has reported that sources close to negotiations said that the sovereign wealth fund has moved to the front of the queue for…
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