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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Jul- 2018 -11 JulyGovernment
Alternative Oxford Street ‘transformation’ announced
Westminster City Council has announced plans to “transform” – though not necessarily fully pedestrianise – Oxford Street after scrapping the Mayor of London’s plans for the area. The council will have to foot the £727,000 bill for the new development as TfL withdrew its support when the council blocked the…
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6 JulyEconomy
UK Treasury rejects retailers’ business rates reform calls
The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers. During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that…
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6 JulySupermarkets
England game could bring additional £860m in grocery sales
Grocery sales could rise by up to 5% ahead of England’s quarter-final match against Sweden on Saturday according to data from Kantar Worldpanel. The data consultancy company said an additional £860m of groceries sales could be generated on Friday and Saturday this week. An extra 1.4 million trips are expected…
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5 JulyHigh Street
Primark defies high street strife with 6% sales boost
Budget fashion retailer Primark has reported a 6% increase in sales in the 40 weeks to 23 June compared with the previous year. Associated British Foods (ABF), which owns Primark, said growth was driven by increased retail selling space in the UK and abroad, and as a result of “better…
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4 JulyHigh Street
Scribbler to stock interracial and LGBTQ greeting cards in UK first
Greetings card retailer Scribbler has become the first UK high street retailer to stock greeting cards featuring interracial and LGBTQ couples this month ahead of Pride in London. The range was created by card designer Huetribe and aims to promote social inclusivity and celebrate the “beauty of diversity”. Tineka Smith,…
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2 JulyHigh Street
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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Jun- 2018 -28 JuneEconomy
London retail properties boost Crown Estate to £329m
The Crown Estate, the Queen’s main source of income, has announced a increase in return to the Treasury of £329.4m, boosted by its central london retail property. On a like-for-like basis income was up 4% when compared with the £316.7m returned in 2016/17. The Crown Estate said that business “continued…
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28 JuneOnline & Digital
ASOS partners with London College of Fashion for pilot course
ASOS has announced that it is piloting a training programme on circular fashion for its designers, in partnership with London College of Fashion’s Centre for Sustainable Fashion (CSF). Last year, the online retailer pledged to deliver the training as part of its 2020 Circular Fashion Commitments, which were signed at…
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25 JuneHigh Street
Goldsmiths jewellers owner appoints banks ahead of IPO listing next year
The parent company of British jewellery retail chain Goldsmiths has appointed two banks to manage its flotation on the stock market next year. Aurum Holdings, which also owns Watches of Switzerland, has appointed Goldman Sachs and Barclays to aid with a public listing that may take place in London next…
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22 JuneDepartment Stores
House of Fraser CVA approved by creditors, 31 stores to close
House of Fraser has announced that its Company Voluntary Arrangement (CVA) proposals have been approved by the company’s creditors in a final agreement that will see 31 stores close. The creditors’ meetings were held at 10am today and the company with both CVA proposals were approved. House of Fraser said…
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