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 -10 SeptemberPeople Moves
Unibail-Rodamco-Westfield appoints new MD for UK and Italy
Shopping centre operator Unibail-Rodamco-Westfield (URM) has appointed Scott Parsons as regional managing director for the UK and Italy. Parsons will take up the position on 13 November, reporting to Michel Dessolain, COO of Europe at URW. He will be responsible for the group’s asset portfolio and development projects in the…
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9 SeptemberAdvice
How small retailers can differentiate their business online
With so many UK consumers discovering small businesses online, there’s simply no reason not to have a digital presence. A recent study we carried out into consumer expectations of small business supports this. The research reveals that nearly two thirds (58%) of UK consumers expect small companies to have a…
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4 SeptemberEconomy
M&S to be relegated from FTSE 100
Marks and Spencer is set to be removed from the FTSE 100 for the first time since the index launched 35 years ago, after its market value fell below the threshold for inclusion, with an announcement expected to be made later today (4 September). The retailer’s exclusion was confirmed by…
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2 SeptemberHigh Street
Debenhams engages Deloitte for legal challenge against CVA
Debenhams has engaged ‘Big Four’ accounting and audit firm Deloitte in preparation to fight a legal challenge to its restructuring plan. In May, the retailer secured the backing from creditors to go ahead with a company voluntary arrangement (CVA), which earmarked 50 sites for closure and approved rent reductions at…
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Aug- 2019 -27 AugustLuxury Goods
FF Group searching for Links of London buyer
Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer. Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a…
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23 AugustHigh Street
Reiss group sales soar by 23.7% in H1
Fashion brand Reiss has seen group sales rise by 23.7% for the first half of 2018, alongside announcing an advertising deal for its Autumn Winter campaign. For the 26 weeks to 3 August 2019, total group sales grew by 23.7% to £102.9m, compared with £83.2m last year. Like for like…
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21 AugustHigh Street
Sports Direct approaches mid-tier firms in race for new auditor
Sports fashion retailer Sports Direct has approached mid-tier accountancy firms BDO and Mazars as it races to appoint a new auditor, according to a report by the Financial Times (FT). FT said the retailer is aiming to avoid government intervention and a possible suspension from the London Stock Exchange (LSE)…
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15 AugustShopping Centres
Westfield reports footfall rise in July
Unibail-Rodamco-Westfield, owners of shopping centre chain Westfield has reported a rise in footfall in July, with almost eight million shoppers visiting its London centres in Stratford and White City. Westfield said it was “bucking the trend” in the retail market, as shopping centre footfall continues to fall, dropping by 3.1%…
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14 AugustComment
Get yourself a captive audience
I happen to know the high-end perfume shop at London St Pancras does a roaring trade. And I would cheerfully bet a week’s perfume shop profits that the next Duty Free you’re in does pretty okay too. If you’re travelling inside the EU the words ‘Duty Free’ haven’t meant a…
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13 AugustFeatures
Mike Ashley’s high street monopoly
Over the past two years retail tycoon Mike Ashley has been treating the UK high street as his very own personal Monopoly board. However instead of desires to develop houses and hotels on his newly acquired property, Ashley has the grander vision of ‘saving the UK high street’ and turning…
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