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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Sep- 2020 -9 SeptemberNews
Iceland creates 3,000 jobs to meet online demand
Iceland has created 3,000 new jobs to cope with the extra demand for online shopping deliveries since the beginning of lockdown, according to the company. The supermarket chain has increased the number of delivery drivers and in-store staff for picking online orders in recent months. Online delivery orders have soared…
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3 SeptemberEconomy
UK small business sector ‘plagued’ by late payment issues
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent. Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the “startling impact” of late payment…
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3 SeptemberOnline & Digital
Amazon creates 10,000 permanent UK jobs
Amazon has announced that 10,000 new permanent roles are being created across the UK, bringing its total full-time UK workforce to more than 40,000. The company has already added 3,000 permanent jobs across its fulfillment centres, sort centres and delivery stations. A further 7,000 new roles will be added by…
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3 SeptemberHigh Street
Retail vacancy rate reaches six-year high
Retail shop vacancies have reached a six-year high due to the impact of the coronavirus pandemic, according to new research from Springboard. The research found the UK vacancy rate rose to 10.8% in July up from 9.8% in January, which means it is now at the highest level since January…
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Aug- 2020 -27 AugustOnline & Digital
The Hut Group unveils £4.5bn IPO plan
Online retailer The Hut Group (THG) has confirmed its intention to launch a stock market flotation that values the company at around £4.5bn. The group plans to raise £920m through the sale which, according to Sky News, could lead to its founder Matthew Moulding receiving up to £700. It cites…
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26 AugustOnline & Digital
Online returns hotspots revealed by Royal Mail
Royal Mail has revealed the areas in the UK where customers have returned the most amount of items from online orders from purchases made during lockdown. The group saw a 25% increase in returns traffic against last year, as consumers “reflected on some of their hastier purchases”. St Albans was…
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25 AugustHigh Street
UK footfall accelerates fourfold
Footfall in UK retail destinations rose by 4.1% last week against the week before, marking a “significant” acceleration in the prior week’s rise of 0.8%, and 1.8% rise in the same week last year. According to the latest data from Springboard, this was largely driven by rises in footfall of…
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24 AugustEconomy
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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20 AugustEntertainment
The Rolling Stones to open flagship Carnaby Street store
The Rolling Stones have announced they will officially open their first flagship store in London next month. The RS No. 9 Carnaby will now launch on Carnaby Street on 9 September. The venture has been created in partnership with Bravado, Universal Music Group’s merchandise and brand management company. The store…
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19 AugustHigh Street
Fraser Group exec buys shares ‘in error’ during closed period
Fraser Group non-executive director David Daly “accidentally” purchased shares on Monday (17 August) during a closed period. In an announcement made on the London Stock Exchange, Frasers Group said it was informed that Daly had purchased 3,912 ordinary shares in the company. It added that the company has “robust procedures”…
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