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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Nov- 2020 -10 NovemberShopping Centres
Landsec posts £835m loss
Real estate firm Landsec, which owns the Bluewater shopping centre and a number of other retail destinations, has reported a loss before tax of £835m for the six month period ending 30 September. It comes after the firm said the impact on its results from unpaid rent and service charges…
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6 NovemberDepartment Stores
Dominic Chappell jailed for six years for tax evasion
The former owner of BHS, Dominic Chappell, has been jailed for six years for evading paying tax from the deal which saw him acquire the now defunct department store. According to Sky News, Chappell was convicted after he failed to pay £580,000 in tax on the £2.2m income he gained…
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4 NovemberLuxury Goods
Fortnum and Mason names new CEO
Fortnum and Mason has named Tom Athron as its new CEO, replacing Ewan Venters in the role. Prior to his appointment, Athron had held the position of chief operating officer at Matchesfashion since May 2018, and previously held a variety of roles at John Lewis Partnership, where he later acted…
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3 NovemberClothing & Shoes
Laura Ashley returns to high street with Next partnership
Laura Ashley is set to return to the UK high street next year with a new partnership with Next, which will sell its homeware products and will launch a series of new stores. According to The Guardian, the clothing and home furnishing retailer said it will reintroduce its homeware via…
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3 NovemberEconomy
Half-term sees footfall rise 6.2%
Footfall rose by 6.2% during half-term in the UK, according to the latest data from retail experts Springboard. This is despite a 53.7% footfall decrease in Wales, following the country’s two-week ‘firebreak’ lockdown. Retail park, high street and shopping centre rose by 3.5%, 5.2% and 11% over the period, respectively.…
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Oct- 2020 -26 OctoberOnline & Digital
Hut Group raises forecast amid ‘strong’ trading period
The Hut Group has announced that group revenue soared by 38.6% to £378.1m in the three months ended 30 September 2020. This represents an acceleration against the reported H1 2020 revenue growth rate of 35.8%. In the same period, direct-to-consumer online revenues surged by 51.3% to £320.2m year-on-year, compared to…
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21 OctoberEntertainment
Geek Retreat plans on opening 100 more stores
Games and fantasy company Geek Retreat has confirmed its plans to open another 100 stores over the next two years according to the BBC. The new 100 store plan is predicted to create around 600 new jobs. The retailer said it plans on opening sites in Bournemouth, Northampton and Liverpool…
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20 OctoberDepartment Stores
Hamleys to axe a quarter of staff
Iconic toy retailer Hamleys is reportedly set to cut more than a quarter of its London workforce. According to The Guardian, Hamleys is set to make 60 of its 208 staff working at its London store and nearby head office building redundant. Founded in 1760, Hamleys is the world’s oldest…
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20 OctoberCoronavirus
Footfall continues decline following tiered restrictions
Footfall fell by 3.1% across all retail destinations last week from the week before, following tiered restrictions being introduced across the UK. According to the latest figures from Springboard, footfall saw largely similar rates of decline in all three destination types, with footfall down by 2.8% in high streets, 3%…
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19 OctoberCoronavirus
Wales announces ‘firebreak’ lockdown
The Welsh government has announced a two-week “firebreak” national lockdown, which will force business closures across the country from 23 October at 6pm until Monday 9 November. According to BBC News, first minister Mark Drakeford said the “time-limited firebreak” will be “a short, sharp, shock to turn back the clock,…
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