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- 2019 -26 SeptemberHigh Street
Ikea retail sales jump 5% in full-year results
Furniture retailer Ikea has reported a 5% increase in retail sales to €36.7bn (£32.5bn) for the year ended 31 August 2019. Its parent company, the Ingka Group, said this follows a number of investments during the year, including the launch of new Ikea stores in cities, strengthening its home delivery…
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24 SeptemberHigh Street
Sports Direct announces five more Jack Wills closures
Sports Direct has revealed the locations of a further five Jack Wills stores set to close, following its acquisition of the clothing retailer. Sports Direct has earmarked its Bluewater, Oxford, Newcastle, Winchester and London Gatwick airport as the next stores to shutter. The company, which closed eight Jack Wills stores…
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19 SeptemberShopping Centres
Hammerson’s Grand Central New Street Mall to receive £2m refurb
Hammerson is planning a £2m upgrade to its Birmingham New Street Mall, as part of a phased project which will include “significant internal upgrades”. The refurbishment will also see a more “vibrant and engaging” entrance to its flagship destination. The first phase of the project will be delivered in October,…
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17 SeptemberHigh Street
French Connection losses narrow in H1
Fashion retailer French Connection has reported a reduction in its pre-tax losses for the six month period to 31 July 2019. Pre-tax losses were at £4.7 million during the period, compared with losses of £15.1 million for the same period last year. Group revenue decreased by 12.2% to £51m, as…
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16 SeptemberSupermarkets
Aldi posts ‘record’ full-year results
Supermarket retailer Aldi has reported an 11% increase in sales to £11.3bn for the financial year ending December 2018. The sales increase amounts to more than £1.1bn of additional revenue and the grocer said the growth was fuelled by over 800,000 more customers shopping with Aldi. It currently operates over…
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13 SeptemberSupermarkets
M&S partners with infarm to bring urban farming to London stores
M&S Food has announced a new partnership with Infarm – the urban farming platform – to deliver a range of fresh produce grown and harvested in a selection of M&S’ London stores. Thanks to the partnership customers can now find a range of fresh herbs – including Italian, Greek and…
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12 SeptemberAnalysis
Beaverbrooks: Celebrating 100 years
What started out with three brothers moving to Belfast with just a suitcase full of silverware and a dream of selling fine jewellery and gifts has ended up as a thriving business celebrating a century of trading this year. Founded by Isaac, Harry and Maurice Adlestone, Beaverbrooks now operates some…
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12 SeptemberHigh Street
91% of Sports Direct shareholders re-elect Mike Ashley
Over 90% of Sports Direct’s shareholders have voted in favour of founder Mike Ashley’s re-election as a director of the company. A statement from the group’s AGM on Wednesday (11 September) said that 90.99% of votes cast were in favour of re-electing Ashley, with just over 9% voting against it. …
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11 SeptemberHigh Street
Store closures hit record levels in the first half of 2019
The number of stores closing down in the first six months of the year has reached its highest levels, with 2868 closures recorded for the period. An average of 16 stores a day shut their doors, according to research by the Local Data Company (LDC) and accounting firm PwC. The…
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10 SeptemberHigh Street
Sports Direct among bidders for Links of London
Sports Direct is one of two final bidders attempting to buy jewellery brand Links of London from current owner Folli Follie (FF Group), according to reports from Sky News. FF Group appointed firms Deloitte and Savigny to find a buyer for Links in late August, after the brand pulled out…
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