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.
-
Dec- 2020 -11 DecemberNews
Sainsbury’s creates 12,000 seasonal jobs
Sainsbury’s has announced its created 12,000 seasonal roles and increased its digital offer to help cope with the peak Christmas season. The supermarket also announced the increase in holiday rates pay to £9.30 per hour, the reportedly highest rate of pay of the major supermarkets. Colleagues working in Greater London…
Read More » -
9 DecemberNews
Co-op launches partnership with Deliveroo
Co-op has launched a new partnership with Deliveroo and fresh fruit and veg suppliers Sheringhams to help provide 20,000 meals and 3,000 pieces of fresh fruit to families by Christmas. The partnership between the two companies builds off the support for Marcus Rashford’s campaign and commitment to end child food…
Read More » -
3 DecemberHigh Street
Post-lockdown footfall increases by 64.5%
Springboard has revealed that footfall across all UK retail destinations was 64.5% higher yesterday ( Wednesday 2 December) than the Wednesday prior, as the nationwide lockdown came to an end. The increase in activity was seen to have occurred most in high streets and shopping centres increasing 80.4% and 133.2%…
Read More » -
2 DecemberHealth & Beauty
Beauty Bay considers a stock market listing
Online cosmetics store, Beauty Bay is reportedly considering a stock market listing, following the surge in valuation fellow digital retailer The Hut Group (THG) experienced earlier this year. According to Sky News, the company which was created by Arron and David Gabbie, is in talks with investment bank GCA Altium…
Read More » -
Nov- 2020 -30 NovemberComment
Arcadia Collapse: What went wrong?
Once a titan of UK retail, the collapse of Arcadia 10 years ago would have come as a shock to everyone on the high street, whereas in 2020, the road to its demise has been mapped for some time and has now finally reached its end – with its rivals…
Read More » -
26 NovemberCoronavirus
New Tier system announced
The Government has announced a new Tier system for when England leaves lockdown on 2 December, with only areas in Tier 1 allowed to revert back to the ‘rule of six’. Making the announcement to the House of Commons, health secretary Matt Hancock revealed that the new Tier 3 restrictions…
Read More » -
24 NovemberClothing & Shoes
Abercrombie & Fitch to close seven flagship stores
Abercrombie and Fitch has announced it is planning to close its flagship stores in London and six further cities in a bid to restructure the business. The move forms part of its “ongoing global store network optimization initiative”, as well as its reported goal of repositioning from larger format, tourist-dependent…
Read More » -
18 NovemberHigh Street
British Land profits slump 29% in half-year results
British Land has reported that underlying profit slumped 29.6% to £107m in its latest half-year results, down from £152m the prior year, attributable to the impact of Covid-19 on the retail sector. Simon Carter, incoming CEO of British Land said the results reflected the “challenges” in retail against the backdrop…
Read More » -
17 NovemberNews
The Hut Group CEO to receive £830m shares payout
The Hut Group (THG) CEO Matthew Moulding is set to receive an £830m shares payout after the company’s share price increased significantly triggering a bonus clause. According to The Guardian, Moulding will receive the payout after the “market value of the company’s shares breached certain levels” that were set during…
Read More » -
13 NovemberNews
Tesco sets plans to reach net zero emissions by 2035
Tesco has announced its partnership with Low Carbon to create three new solar farms in a new effort to reach net zero emissions by 2035. The new solar farms are situated in Essex, Anglesey and Oxfordshire and will aim to generate up to 130 giga-watt hours of energy per year,…
Read More »
