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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Jan- 2025 -31 JanuaryFeatures
Tanya Patel and Chapter.London: Balancing Business, Motherhood, and Championing Women in Retail
In the world of retail, success stories are often woven with resilience, strategic thinking, and an innate passion for business. Tanya Patel, founder and CEO of Lily & Ribbon and Chapter.London, embodies all these qualities. Patel shares her journey from an entrepreneurial schoolgirl to a leader of two thriving businesses,…
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31 JanuaryPeople Moves
THG appoints Milyae Park independent non-executive director
THG has announced the appointment of Milyae Park as an independent non-executive director with immediate effect. Park joins THG following a long and successful career in digital and ecommerce transformation at FTSE 100 and FTSE 250 companies including Tesco and Marks and Spencer. Since launching a portfolio career in 2019,…
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31 JanuaryDIY
Homebase owes over £650m to unsecured creditors post collapse
Homebase still owes more than £650m to unsecured creditors, including AO World, Halfords, and The Hut, following its collapse into administration in November 2024. According to Teneo, the DIY retailer’s appointed administrator, unsecured creditor claims totalled £657m – of which roughly £100m is owed to trade creditors. With unsecured creditors…
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30 JanuaryClothing & Shoes
H&M FY profits rise despite weaker Q4 sales
H&M boss Daniel Ervér has said the Swedish retailer is “on track” as it revealed FY operating profits in the year to Nov 30 jumped 28% to SEK 17.3bn (£1.2bn). It comes as quarterly sales were SEK 62.19bn (£4.53bn), up 3% in local currencies but lower than analysts predicted. H&M…
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24 JanuaryClothing & Shoes
White Stuff sales soar by 20% over Christmas period
White Stuff has reported that sales soared by more than 20% over the Christmas period, with trading underpinned by strong knitwear demand and “record” new customer growth.In the 10 weeks to 4 January, total sales increased 21.8% year-on -year, bolstered by strong e-commerce sales which were up by 32.5%, while…
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23 JanuaryHealth & Beauty
Bloom Perfumery relocates to bigger location in Covent Garden
London’s Bloom Perfumery has relocated within Covent Garden to a larger location within The Yards. Accommodating the brand’s significant growth and popularity, Bloom Perfumery’s new flagship store is triple the size of its previous site. The perfumery selected The Yards’ 2,900 sq ft 4 Slingsby Place site, relocating from Langley…
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22 JanuaryHigh Street
Waterstones profits quadruple to £43m as office workers return
Waterstones has seen pre-tax profits rise from £11.2m to £42.9m in the year to 27 April 2024, whilst reporting a 16% sales rise to £528.4m. It comes as Waterstones experienced “encouraging” growth in London and other metropolitan city centres, as tourist numbers increased and workers returned to offices. The retailer’s…
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21 JanuaryNews-In-Brief
Today’s news in brief-21/1/25
Aldi has announced a significant pay increase for its store assistants, setting a new minimum hourly rate of £12.71, rising to £14.00 within London’s M25 area, effective from March 1. This move reaffirms Aldi’s position as the highest-paying supermarket in the UK, exceeding the Real Living Wage standards. The retailer…
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21 JanuaryPeople Moves
Aldi increases staff pay to highest hourly rate for supermarket workers
Aldi has announced its store assistants are set to receive a pay rise with hourly rates increasing to at least £12.71, maintaining its position as “Britain’s best paying supermarket”. The new minimum rate, which increases to £14.00 within the M25, exceeds the Real Living Wage set by the Living Wage…
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20 JanuaryHigh Street
Quiz eyes store closures as costs mount
Quiz is reportedly considering closing up to a third of its 60-location portfolio as a way to cut costs and stabilise the business, according to The Telegraph. It comes as Quiz is also due to delist from the London Stock Exchange’s AIM market and return to private ownership, following a…
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