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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Aug- 2021 -9 AugustSupermarkets
Aldi to create more than 2,000 roles before Christmas
Aldi is set to create more than 2,000 new jobs across its UK business between now and Christmas. It comes as the group, which currently has over 920 stores and employs around 38,000 people, said it was “pushing ahead” with plans to open more than one new store a week…
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9 AugustShopping Centres
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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5 AugustHigh Street
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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Jul- 2021 -30 JulyHigh Street
One in seven UK shops still remain vacant, BRC reveals
More than one in seven shops on UK high streets, retail parks and shopping centres are currently vacant, according to the latest data from the Local Data Company and the British Retail Consortium (BRC). The data revealed that fashion stores were amongst the “hardest hit” as customers primarily shifted to…
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28 JulySupermarkets
GIC joins Fortress-led Morrisons takeover bid
GIC, a Singapore investment firm, has joined the £6.3bn Fortress-led consortium bid for Morrisons. A filing on the London Stock Exchange revealed that GIC will join the efforts of Oppidum Bidco, a newly formed company indirectly owned by funds managed by Fortress, as an additional co-investor. In turn, the bid…
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28 JulyOnline & Digital
Music Magpie sees revenues up 2.3% following IPO float
Music Magpie, an e-commerce retail business, saw its group revenues grow by 2.3% to £72.8m for the six months ending 31 May 2021. The store, which sells refurbished electronics and second-hand video games, also reported a pre-tax profit of £4m over the six months period- up from £3.3m last year.…
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27 JulyClothing & Shoes
LK Bennet launches rental clothing service
LK Bennett has announced a new rental clothing service for a flat monthly fee of £79, in which members can receive two items in their first box and can make unlimited box exchanges with free shipping both ways. Each month, the customer will be able to rent two RTW products…
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27 JulyCoronavirus
Footfall rises 3.3% but ‘pingdemic’ slows growth
Footfall across UK retail destinations rose by 3.3% last week from the week before, however the hot weather and cautiousness around the ‘pingdemic’ slowed growth throughout the week. According to the latest figures from Springboard, footfall rose in all three destination types, but it revealed that the 4.1% increase in…
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27 JulyOnline & Digital
Moonpig sees revenues double in FY21
Moonpig has seen its full-year revenues more than double, soaring by 113% to £368.2m in the year ended 30 April 2021, up from £173.1m the previous year, as it delivered 50.9 million orders over the period as customers increased their spending over lockdown. EBITDA also more than doubled in the…
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27 JulyHigh Street
Superdry opens new flagship store on London’s Oxford Street
Superdry has announced that it has agreed a deal to open a global flagship store on London’s Oxford Street this Autumn. The store is located at 360 Oxford Street, close to Selfridges and adjacent to the new Bond Street Crossrail station, which is due to open in early 2022. Totalling…
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