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 worldโs most dynamic retail markets.
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Jul- 2018 -17 JulyPeople Moves
Asda plunges 261 Enfield warehouse jobs into uncertainty
Asda has announced it has proposed to shutter its Enfield warehouse which would result in cutting 261 roles. The supermarket chain said that the proposal to close the warehouse came following the opening of two new automated warehouses in Dartford and Heston. Asda said the Enfield site, built only eight…
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16 JulyEconomy
The Works to open 50 stores per year and plans to IPO
Discount retailer The Works has unveiled plans to float on the London Stock Exchange and open 50 new stores each year, as it defies falling high street footfall. The Works is planning a ยฃ100m listing on the stock market which will give management and shareholders a ยฃ36.7m payout. Along with…
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13 JulyEconomy
Bumper June footfall sees record increase of 11.4%
UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4% increase in high street traffic compared with May. Compared with the same period last year, footfall was 7.8% lower, but June did deliver a reduction in the year-on-year deficit for the fourth successive month, data from…
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12 JulyAdvice
The end of the high street as we know it?
A week doesnโt go by without another retailer hitting the headlines. M&S, Poundworld, Carphone Warehouse, Mothercare and House of Fraser have all recently announced store closures, rocking the already fragile high street. ย The dominance of online shopping has been cited by many as the reason for the closures, with…
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11 JulyGovernment
Alternative Oxford Street โtransformationโ announced
Westminster City Council has announced plans to โtransformโ – though not necessarily fully pedestrianise – Oxford Street after scrapping the Mayor of Londonโs plans for the area. The council will have to foot the ยฃ727,000 bill for the new development as TfL withdrew its support when the council blocked the…
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6 JulyEconomy
UK Treasury rejects retailersโ 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 parliamentโs 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 ยฃ860m in grocery sales
Grocery sales could rise by up to 5% ahead of Englandโs quarter-final match against Sweden on Saturday according to data from Kantar Worldpanel. The data consultancy company said an additional ยฃ860m 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 โbetter…
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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 โbeauty of diversityโ. 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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