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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Dec- 2024 -24 DecemberHigh Street
Footfall rises ahead of Christmas but remains lower than 2023 levels
Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres paving the way, according to MRI Software’s new data. However, levels were still considerably lower than the same week last year. For the week to 22 December, footfall rose by…
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23 DecemberClothing & Shoes
Boohoo offloads head office for £49.5m
Boohoo has completed the sale of its London office for a total of £49.5m. Located on Great Pulteney Street, Soho, the site was sold to Global Holdings UK Limited, an independent property fund. Boohoo said the move would help to “further strengthen the company’s balance sheet”. Part of the proceeds will…
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20 DecemberNews-In-Brief
Today’s news in brief-20/12/24
Retail sales in the UK edged up by 0.2% in November, falling short of analysts’ 0.5% forecast. The slight increase followed a 0.7% decline in October, with food sales rising for the first time in three months, up 0.5%, while non-food revenues rose by 0.2%. However, clothing sales fell sharply…
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20 DecemberClothing & Shoes
Abaci selects London Designer Outlet for first UK store
Turkish womenswear retailer Abaci has chosen London Designer Outlet (LDO) for its first physical UK store after agreeing a 2-year lease to occupy a 1,418 sq ft unit. Abaci, which specialises in modest fashion, was founded in 1981 in Turkey and has since been a leader in the women’s apparel…
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20 DecemberSupermarkets
Network Rail retail sales rise 10% to £233m in Q2
Network Rail saw its total retail sales rise 10% to £233.7m for the second quarter from July to September, spelling an increase of over £21m on the same period last year. Additionally, retail sales overtook the previous quarter, jumping by over £8m. Network Rail’s annual retail sales for 2023/24 surpassed…
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19 DecemberNews
Miniso opens new store at London Stansted Airport
Miniso has announced the opening of its first-ever UK airport store at London Stansted Airport. The new Miniso-Go store offers a wide range of travel essentials alongside the brand’s collections, including collaborations with Harry Potter, Hello Kitty and Friends and Disney. The store also features everyday lifestyle essentials, beauty products,…
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18 DecemberComment
Becoming a heritage brand of the future
For Jessica Hanley, founder of Piglet in Bed, building a brand was always the goal. Inspired by the shifting ways brands were communicating with consumers, Hanley identified a gap in the homewares market: a need for products that reflected modern lifestyles—beautiful, sustainable, and effortlessly authentic. Combining creativity, an entrepreneurial spirit,…
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18 DecemberSupermarkets
Aldi to invest £650m in expansion plans in 2025
Aldi is set to invest around £650m across the UK in 2025 as part of the group’s ongoing expansion plans. This includes the development of new stores in Fulham Broadway in London, Billericay in Essex, and Cheadle in Stoke-on-Trent, with the supermarket targeting around 30 new store openings next year.…
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17 DecemberNews-In-Brief
Today’s news in brief-17/12/24
Shein’s potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UK’s 10% public float requirement. If successful, it would mark a first for London’s stock market. Shein filed confidentially with the FCA in June but faces delays due to regulatory scrutiny, including concerns…
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17 DecemberM&A
BIC acquires Tangle Teezer in €200m deal
BIC has announced its acquisition of haircare company Tangle Teezer in a €200m (£165m) deal . Headquartered in London, Tangle Teezer was first launched in 2007 as “the world’s first expertly designed detangling tool”. The brand has amassed an estimated net sales worth more than €70m (£57m) in 2024, having…
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