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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Jan- 2018 -26 JanuaryHigh Street
London and New York named key locations for luxury watch brand expansion
London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…
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25 JanuaryHigh Street
KKR sells off remaining Pets at Home stake
American private equity firm KKR has sold off its remaining 12.3% stake in Pets at Home. This amounted to 62 million shares in the pet supplies retailer, which fell 2.65% in London trading. Shares were worth 174p each at the time, raising ยฃ108m. Merrill Lynch International and Numis Securities acted…
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25 JanuaryClothing & Shoes
Ralph Lauren hires Burberry digital marketing head
Fashion brand Ralph Lauren has hired Burberryโs previous director of digital marketing, Alice Delahunt, in order to drive digital expansion. Delahunt will be responsible for โelevating the companyโs global digital platformsโ, enhancing the digital experience for consumers across all channels to drive consumer acquisition, retention, value and revenue. She…
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24 JanuaryClothing & Shoes
Shopping app Depop secures ยฃ14m for expansion
Social shopping app, Depop, has secured $20m (ยฃ14.1m) in Series B funding in order to help accelerate its global expansion. The app, founded in 2012, currently has over 8 million users and posted $230m (ยฃ163.1m) gross merchandise volume in 2017. Depop said the funds will be used for โglobal growth…
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22 JanuaryLuxury Goods
Richemont in ยฃ2.4bn bid for Yoox Net-A-Porter
Swiss luxury retailer Richemont has made a bid to acquire online retailer Yoox Net-A-Porter Group (YNAP) for ยฃ2.4bn. The company, which owns high-end brands such as Cartier, Montblanc and Dunhill London, already has a stake in the YNAP Group but has made a public tender offer to buy the remaining…
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19 JanuaryHigh Street
Post Office joins convenience store for new 24-hour offering
The opening of a new Post Office on New Oxford Street in London has marked the first in the new strategy of the postal service. The new 24-hour branch is based inside The Convenience Store on 71 New Oxford Street. A further 25 openings are planned in London including in…
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18 JanuaryEconomy
Retail has least business failures, figures show
The retail industry has the lowest number of business failures among all sectors in the UK, new data has revealed. Figures from UK and offshore company agents, Turnerlittle.com, revealed the top 10 industries with highest business โdeath ratesโ, and was put together using the Business Demography release, published by ONS…
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18 JanuaryClothing & Shoes
Marks & Spencer closes Neasden distribution centre
Marks & Spencer has ceased operations at its Neasden clothing and home distribution centre, transferring staff to other sites in the M&S network. The groupโs new Welham Green warehouse will be fitted out and tested during 2018 and is expected to start operations in the first months of 2019. The…
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12 JanuaryOnline & Digital
Diageo signs with UberEATs for convenience store alcohol deliveries
Alcoholic drinks giant Diageo has signed a new partnership with delivery app, UberEATs, to begin delivering its drinks brands to consumers from local convenience stores. Retailers will be invited to work alongside Diageo as supply partners to fulfil orders of its beverages, as well as mixers and snacks, via the…
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11 JanuaryEconomy
Train station Christmas shopping brings 9% sales growth
Figures released by Network Rail show total train station retail sales for the festive period grew by 9% this year. The figures, which span 18 November to 23 December, suggested a growing desire for convenience retail, Network Rail said. Station retailers saw a total of over ยฃ110m in sales during…
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