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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Mar- 2021 -1 MarchHigh Street
Russia’s Fix Price mulls London float
Fix Price, a Russian budget retailer, is reportedly set for an IPO of between £1.08bn and £1.22bn as the group targets a London listing for growth and international expansion. Founded in 2007, the group sells a range of essential products at under 250 rubles (£2.46), and operates over revenues of…
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Feb- 2021 -23 FebruaryCoronavirus
Footfall rises for fifth consecutive week
Footfall across UK retail destinations rose by 6.8% last week against the week before, marking the fifth consecutive week of uplift ahead of the PM’s highly anticipated ‘roadmap’ announcement yesterday. According to the latest data from Springboard, this was only a fifth less than the rise of 8.5% in the…
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17 FebruaryPeople Moves
Knomo appoints UK country manager
London-based accessories retailer, Knomo has appointed Oliver Strickland as country manager for the UK. In his new role, Strickland will oversee the brand’s positioning and wholesale accounts in tandem with Dan Shaw, managing director at the company. Formerly country manager at Pepe Jeans Group, Strickland has also undertaken leadership roles…
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17 FebruaryHigh Street
Westminster Council launches Oxford Street revival initiative
An “ambitious” new framework has been launched by Westminster City Council in a bid to kickstart a “reimagined” Oxford Street and revive the wider district, in order to attract more shoppers to the area post-lockdown. The new Oxford Street District (OSD) framework, developed with key strategic partners, will reportedly deliver…
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16 FebruaryOnline & Digital
Virgin Wines set to float £100m for next month
Virgin Wines has announced plans to float on the London Stock Exchange for around £100m. The online wine retailer is known for its “award-winning and largely exclusive premium wines” through its premium subscription based service for customers. The company was founded in 2000 as part of the Virgin Group owned…
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15 FebruaryCoronavirus
Government eyes third rent moratorium extension
The government is reportedly drawing up plans to extend the current rent moratorium that bans landlords from being able to pursue commercial tenants for unpaid rent or evict them. According to The Sunday Times, the business department and the Ministry of Housing, Communities and Local Government have been in discussions…
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15 FebruarySupermarkets
Asda to donate £2m to help fund apprenticeships
Asda has announced that in celebration of National Apprenticeship Week, it will donate £2m to small businesses to help fund around 400 apprenticeships in local communities across the country. The grocer has “opted” to transfer a portion of its annual funds to pay for apprentices to train in small businesses,…
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12 FebruaryClothing & Shoes
Boohoo seeks larger London office following acquisition spree
Online fashion retailer Boohoo is reportedly seeking a larger London office following its recent acquisition spree that saw its purchases of a number of Arcadia brands and the Debenhams brand. According to the Evening Standard, Boohoo is looking to upgrade from its current London office in Euston Tower to a…
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12 FebruaryNews
Vacant units in City of London almost double amid pandemic
The number of vacant units in the City of London increased by 47% from 174 at the end of 2019 to 255 at the end of 2020, according to new research by retail data consultancy the Local Data Company This equated to an increase in vacancy rate in the City…
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10 FebruaryHigh Street
Dune launches CVA targeted at cutting rent costs
Dune has announced the launch of a CVA prospal targeted at cutting rent costs across its 43 stores and 175 concessions. According to Daniel Rubin CEO and founder of the Dune Group, before the pandemic the high street chain was “trading robustly”- however continuous stop-start lockdowns had a “severe financial…
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