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- 2021 -12 JanuaryProperty
Landsec collects only a third of December retail rent
UK landlord Landsec has revealed it has only managed to collect just over a third of the rent owed by retailers during the month of December. In a rent collection update posted by the landlord, Landsec revealed it had received just £5m of the £14m expected from its regional retailers…
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12 JanuaryOnline & Digital
The Hut Group revenue soars ahead of guidance in Q4
The Hut Group has announced that revenue soared by 51% to £558.7m in the three months ended 31 December 2020, outperforming a previous guidance of 40% to 45% growth. Revenue guidance was initially estimated to be 16% to 25%, but was raised last month following a “strong” peak trading performance…
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8 JanuaryClothing & Shoes
Matchesfashion hit by £5.9m loss
Luxury retailer, Matchesfashion has announced a major loss of £5.9m for the financial year ended 31 January 2020. A report filed at Companies House found that while revenue soared to over £430m for the period, compared to £372m the previous year, the cost of sales, administrations, and distribution outweighed the…
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6 JanuaryDIY
Travis Perkins appoints new chair
Travis Perkins, the home improvement retailer, has announced the appointment of Jasmine Whitbread as its new chair. Whitbread is set to succeed Stuart Chambers, who is stepping down as a director and non-executive chairman on 30 March 2021. Currently the chief executive of London First, Whitbread will join the retailer…
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4 JanuaryHigh Street
Arcadia to offload flagship Topshop store
Arcadia Group has announced that Eastdil and Savills have been hired to oversee the sale of retail chain Topshop’s flagship store in central London. According to Sky News, Eastdil will reportedly handle the sale strategy for the building, whilst Savills will advise on future leasing options. It comes after the…
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Dec- 2020 -24 DecemberCoronavirus
Boxing Day sales set to plummet for third year in a row
Retailers must prepare to be “hard hit” during this year’s Boxing Day sales period, with spending expected to be down for the third year in a row, according to a new retail report by VoucherCodes.co.uk. Its latest Shopping for Christmas 2020 report, carried out by the Centre for Retail Research,…
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23 DecemberClothing & Shoes
N Brown secures £100m equity raising
N Brown has announced it has completed its £100m equity raising and moved from the London Stock Exchange (LSE) over to the Alternative Investment Market (AIM). The transaction was underwritten by the group’s founder David Alliance, who is also its biggest shareholder. The group, which owns Jacamo and JD Williams,…
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23 DecemberCoronavirus
Labour calls for high street Fightback Fund
Labour has urged the government to “stand up for businesses” through a Hospitality and High Streets Fightback Fund, aimed at supporting businesses hit by the recent Tier 4 restrictions. It comes as almost 175,000 businesses in Tier 4 areas across London, the South East and the East of England have…
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21 DecemberNews
Hammerson seeks admission to Euronext Dublin
Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU. In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing…
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21 DecemberCoronavirus
Tier 4 will bring ‘severe’ consequences to retail sector, warns BRC
Retail will face “severe” consequences in light of heightened restrictions across much of the UK, the British Retail Consortium (BRC) has warned. It comes after prime minister Boris Johnson’s announcement that Tier 4 restrictions would be introduced in London and the South East, effective from yesterday (20 December). Under Tier…
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