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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Jan- 2020 -24 JanuaryComment
Why retailers need to take sonic branding seriously
Retail is undergoing something of a paradigm shift. This is a sector that faces unprecedented challenges as it adapts to the ever-changing shopping habits of consumers. Last week’s ONS data revealed that UK retail sales fell in December by 0.6%, making it the fifth consecutive month in which retail sales…
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21 JanuarySupermarkets
Aldi hikes minimum wage
Aldi has announced it will implement “market leading” pay rates for its store colleagues. All employees will earn a minimum hourly rate of £9.40 nationally and £10.90 inside the M25, increasing from £9.10 and £10.55 respectively. The new rates, which exceed the Living Wage Foundation’s recommended rates, will be effective…
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20 JanuaryComment
The rise of CBD and what it means for retail
Rewind two or three years and CBD wasn’t even on the radar of the UK retail sector; now it’s a £300m industry. To date over 6 million adults have put CBD to the test and the industry shows no signs of slowing down. Given the size of the market in…
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20 JanuaryHigh Street
Gordon Brown to receive nearly £1m following Links of London collapse
Restructuring firm Gordon Brown is set to receive a near £1m payout after it helped to close down British jewellery brand Links of London. According to a report by the Telegraph on Sunday, the firm assisted by selling “leftover” earrings, bracelets and necklaces. It also helped to shut the retailers…
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17 JanuaryHigh Street
Paphitis delivers ‘resilient’ full year and Christmas performance
The Paphitis retail group has reported a ‘resilient’ performance amid ‘challenging’ conditions in both its full year and Christmas results. Total revenue for Ryman increased by 1.4% to £129.9m in the full financial year, while EBITDA increased 6.5% to £8.2m. This reflected “new categories, development of related services and customer…
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9 JanuaryAnalysis
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too…
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6 JanuaryDepartment Stores
Debenhams announces 19 store closures
Debenhams has announced the closure of 19 of its UK stores, resulting in 660 job losses. The department store, which entered administration in April last year, launched its CVA in the same month. The closures are due to take place during the next fortnight, with stores closing from 11 January,…
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3 JanuaryClothing & Shoes
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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2 JanuaryHigh Street
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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2 JanuaryNews
Co-Operative Food expands through online delivery service
The Co-Operative Group has revealed plans for a “major” online expansion. The company announced its plans to offer same-day delivery service across more than 100 UK cities, expanding its same-day online city-centre deliveries to 650 participating stores. The rollout will also include services from the group’s online shop, which uses…
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