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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Feb- 2021 -8 FebruaryOnline & Digital
Amazon’s tax to turnover ratio dropped to 0.37% in 2020
Amazon saw its tax to turnover ratio fall to 0.37% last year, despite sales rising by more than 51% in the UK. In comparison, the Centre for Retail Research reported bricks-and-mortar retailers paid around 2.3% of annual retail sales overall in business rates. The online retailer’s sales for 2020, ending…
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5 FebruaryOnline & Digital
Amazon launches 1,000 apprenticeships across UK
Amazon has announced it is set to create 1,000 apprenticeship roles in the UK this year, as it continues to invest in its UK operations. The full-time roles will be offered across 25 different schemes in order to match a diverse range of skillsets and ambitions, including automation engineering, broadcast…
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4 FebruarySport & Leisure
JD Sports raises £464.2m to bolster acquisition plans
JD Sports has announced the completion of the placing of new ordinary shares in the business’ capital, which raised £464.2m for the company, to be used for future acquisition plans. A total of 58,393,989 new ordinary shares in the retailer were placed by Investec and Peel Hunt, at an issue…
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2 FebruaryHigh Street
Footfall remains above first lockdown levels despite poor weather
Footfall across UK retail destinations rose by just +0.4% last week from the week before as poor weather deterred high street shoppers, according to the latest data from retail experts Springboard. It found that there was a “noticeable increase” in visits to retail parks as footfall rose by +4.7% and…
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2 FebruaryOnline & Digital
Moonpig valued at £1.2bn amid market debut
Moonpig has entered the London Stock Exchange with a market capitalisation of £1.2bn, following the successful pricing of its initial public offering at 350 pence per share. The flotation includes 5.7 million new shares issued to raise gross proceeds of approximately £20m, and 134.6 million existing shares sold by existing…
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Jan- 2021 -29 JanuaryClothing & Shoes
Thomas Pink returns to online market despite LVMH sales float
Thomas Pink has announced it is returning to trade, albeit online, after shutting down its website and social media channels last year. In 2020, the fashion retailer closed its Jermyn Street store in London and was removed from LVMH’s ‘Fashion and Leather Goods’ webpage, which is home to the group’s…
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27 JanuaryHigh Street
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the Telegraph, largely comprised Topshop’s gross liabilities of over £550m, with Outfit also owing £80m. The figure, which is believed to exclude the group’s unsecured debt to HMRC surrounding its retirement…
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26 JanuaryOnline & Digital
US investor eyes Notonthehighstreet takeover
Great Hill Partners, a US-based investment company, is reportedly in “advanced talks” to buy the online personalised gifts retailer, Notonthehighstreet. According to Sky News, the investor, who already backs the online home furnishings firm Wayfair, will reportedly have to part ways with roughly £150m to complete the takeover. While it…
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26 JanuaryClothing & Shoes
JD Sports mulls £400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around £400m as it “eyes further opportunities” to expand across the globe. According to Sky News, the group’s board is considering launching the placing as early as this week, with insiders stating that the amount will be “in the…
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26 JanuaryCoronavirus
Westfield turns vacant unit into vaccination hub
A vacant retail outlet in Westfield shopping centre Stratford has been turned into Covid-19 vaccination centre. The vaccination centre will be run by East London NHS Trust Foundation and will see health care workers administering the Oxford Astra Zeneca vaccine – and is one of hundreds of nationwide centres set…
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