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.
-
Oct- 2020 -19 OctoberProperty
Landsec to dispose of retail parks
Landsec has unveiled its plans to dispose of its retail parks where there is “little or no competitive advantage”, in a newly-announced restructuring of the group’s portfolio. It comes as the property group said that whilst the retail sector is “facing clear structural challenges as a result of the emergence…
Read More » -
15 OctoberCoronavirus
London to move to Tier 2
London and Essex will face tougher Tier 2 Covid-19 restrictions from Saturday (17 October), including a ban on the mixing of households indoors, local MPs have been told. According to the BBC, health secretary Matt Hancock is set to update MPs on the latest measures in the Commons later today.…
Read More » -
13 OctoberLuxury Goods
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing all 10 of its stores. According to Drapers, the decision was agreed upon “comfortably” with 75% of creditors giving the green light. None of the company’s 10 stores have reopened…
Read More » -
6 OctoberLuxury Goods
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
Read More » -
2 OctoberClothing & Shoes
M&S launches third-party fashion brand partnership
Marks and Spencer has begun stocking independent fashion brands on its site, with debut partner Nobody’s Child launching yesterday (1 October). According to The Guardian, the decision, initially announced in May, seeks to “reinvigorate” the retailer’s “struggling clothes arm” by widening its customer appeal. Nobody’s Child markets itself as “eco-conscious…
Read More » -
Sep- 2020 -28 SeptemberHigh Street
Arcadia Group to put Burton HQ on the market
Sir Philip Green has reportedly put Burton’s former London headquarters on the market, according to The Sunday Times. The owner of Arcadia Group has drafted in agents from BNP Paribas to bring the Tottenham Court Road site to market for an asking price of £80m. The move follows rising pressure…
Read More » -
22 SeptemberHigh Street
Footfall rises despite ‘rule of six’
Footfall across all retail destinations in the UK rose by 2.4% over the last week, despite the government’s new ‘rule of six’ social distancing measure, according to data from analytics company Springboard. High street retailers saw a footfall increase of 5.2%, while shopping centres and retail parks saw a decrease…
Read More » -
21 SeptemberComment
The window of opportunity for pop-ups
The Coronavirus pandemic and subsequent events of this year have exacerbated the ongoing decline of the British high street, with footfall falling by 81% in April and 48% in July, according to the British Retail Consortium. From John Lewis to Carphone Warehouse to House of Fraser, it seems that no…
Read More » -
18 SeptemberCoronavirus
Mayor of London urges government to extend business rates holiday
The mayor of London, Sadiq Khan, and London Councils have joined together to urge the Government to extend the business rates holiday and help protect thousands of jobs in London and across the country. Businesses in the retail, hospitality, leisure and childcare sectors are currently benefiting from 100% relief from…
Read More » -
14 SeptemberSupermarkets
Aldi to trial click and collect
Major supermarket chain Aldi has announced it will begin its first UK trial for a click-and-collect service from today (14 September). The supermarket is currently running a trial of the service for Aldi colleagues from a store in the Midlands and plans to extend that to customers in the coming…
Read More »
