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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Jun- 2021 -17 JuneClothing & Shoes
Maternity brand Seraphine considering float on LSE
Maternity brand Seraphine has confirmed it is considering plans to float on the London Stock Exchange’s main market for listed securities. The company, which was founded in 2002, has submitted an application via its holding company, Kensington Topco Limited, for approval to the FCA. The group, which will be known…
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17 JuneClothing & Shoes
Dr Martens profits drop 30% amid IPO related costs
Footwear retailer, Dr Martens has revealed that its profit before tax dropped 30% to £70.9m from £101m for the year ended 31 March 2021 which was attributed to the £80.5m cost related to its London Stock Exchange IPO. Profit was also impacted by the group’s repayment of £1.3m in furlough…
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17 JuneOnline & Digital
Victorian Plumbing market cap valued at £850m upon IPO
Victorian Plumbing, the online retailer of bathroom products and accessories, has revealed its market capitalisation upon admission to trading on AIM to be roughly £850m. The group has confirmed a conditional placing of 4,427,481 new ordinary shares and 109,122,138 existing ordinary shares, at a price of 262 pence per share.…
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16 JuneHigh Street
Boohoo opens talks for Debenhams store return
Boohoo is reportedly in talks to open a Debenhams store in a bid to land deals with a number of beauty brands. According to the Times, “one store and one store only” will be opened to cater for those brands that would only supply when there is a physical retail…
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16 JuneDIY
Made.com debuts on stock market with £775.3m price offer
Made.com has confirmed its intention to float on the London Stock Exchange on 21 June 2021 with an offer price of £775.3m. The online furniture retailer first announced its plans to debut on the market last month with the latest announcement revealing that the IPO has been set at 200…
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11 JuneDepartment Stores
Selfridges owners considering £4bn sale
The owners of Selfridges department store, The Weston family, are reportedly considering a £4bn sale of the property. According to reports first revealed by React News, the Weston family have been approached by an unknown buyer and have lined up Credit Suisse as advisers to explore a potential sale. It…
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8 JuneHigh Street
Half term and warm weather boosts footfall
Footfall across UK retail destinations rose by 11.6% last week from the week before, including a 17.4% increase in high streets, according to the latest figures from Springboard. Across last week Springboard also found a 8.7% increase in footfall in shopping centres and a 2.3% increase in retail parks. In…
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7 JuneOnline & Digital
Amazon Small Business Accelerator launches exporting bootcamps
Amazon has announced the first two exporting events in a series with the Department for International Trade providing startups, and small and medium-sized businesses with free advice to help them sell their products globally on Amazon’s stores and beyond. The events are part of Amazon Small Business Accelerator, a support…
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3 JuneHigh Street
Geek Retreat ‘on track’ to open 60 new stores by end of 2021
Geek Retreat has revealed that it is on track to open 60 of its planned 100 new stores on high streets by the end of 2021, creating 360 jobs around the UK. The franchise, which opened its first store in Glasgow in 2013, now has 27 stores, with the latest…
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3 JuneHigh Street
Indoor hospitality reopening fails to boost May footfall
The reopening of indoor hospitality has failed to give a significant boost to high street footfall, according to Springboard’s May figures. Springboard revealed that while footfall strengthened when non-essential retail opened in April, further gains following the reopening of indoor hospitality in May were muted. Footfall was -27.5% lower than…
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