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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Nov- 2024 -26 NovemberNews-In-Brief
Today’s news in brief-26/11/24
AO World has raised its full-year profit forecast to between £39m-£44m after reporting a 30% rise in pre-tax profits to £17m for the six months ending 30 September. Despite adverse summer trading conditions due to wet weather, which affected cooling product sales, AO’s B2C retail revenue grew 13%. Group revenue…
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26 NovemberClothing & Shoes
Represent sells minority stake to investment firm True
Luxury brand Represent has sold a minority stake to investment and innovation firm True to accelerate its growth and global expansion. To help continue the brand’s success, True is also leveraging its experience in the consumer and retail sectors to accelerate growth across the world, channels, and categories — starting…
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25 NovemberClothing & Shoes
Outdoor brand Sealskinz opens first store in London
British outdoor and premium apparel brand Sealskinz has announced the opening of its first ever store on 1 Hinde Street, Marylebone Village, London. After a competitive selection process, Sealskinz was selected as the occupant for The Howard de Walden Estate location, joining a number of premium brands. The permanent addition…
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25 NovemberClothing & Shoes
Boohoo secures lender consent for £39m fundraiser
Boohoo has confirmed it has secured lender consent from its lenders for a recent £39.3m fundraiser, after announcing an oversubscribed placing earlier this month. An application has now been made to the London Stock Exchange for admission of 126,908,442 new ordinary shares to trading on AIM. Dan Finley, CEO of Boohoo,…
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22 NovemberFeatures
Reimagining retail through the physical store experience
In an ever-evolving retail landscape, Marcus Fox, CEO of Agile Retail, has distinguished himself as a leader who is rewriting the rules of the game. With nearly two decades of experience spanning supermarket giants Sainsbury’s and Morrisons and now leading a nimble, 50-person business, Fox embodies a unique blend of…
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21 NovemberNews-In-Brief
Today’s news in brief-21/11/24
Boohoo has appointed Tim Morris as its new independent Chair, effective immediately, marking another milestone in the company’s ongoing restructuring. Mahmud Kamani, the founder, transitions to the role of executive vice chair while waiving his salary for a year. This change aligns with Boohoo’s broader strategy to improve governance and…
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21 NovemberClothing & Shoes
Superdry warns of sales decline following stock exchange departure
Superdry has warned that its sales for the current financial year will continue to fall, following its departure from the London Stock Exchange to focus on its new restructuring plan. In documents filed with Companies House for the 52 week period ended 27 April 2024, the group reported a 22%…
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20 NovemberClothing & Shoes
Deliveroo partners with Hurr to deliver rental designer dresses
Deliveroo has announced a new partnership with resale fashion marketplace Hurr to bring rental designer dresses to customers. The new collaboration will allow Deliveroo customers to rent pre-loved high-end fashion pieces from Hurr’s selection directly through the Deliveroo app. Customers within central London will be able to browse through a…
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19 NovemberHigh Street
Ikea to open Oxford Street pop-up ahead of 2025 flagship launch
Ikea has announced it is set to open a new ‘Hus of FRAKTA’ pop-up on London’s Oxford street on the 28th November, as it prepares for its flagship store launch next year. The pop-up is dedicated to “one of the most iconic symbols” of the IKEA brand, the blue FRAKTA…
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18 NovemberNews-In-Brief
Today’s news in brief-18/11/24
Sephora is poised for an ambitious UK expansion, planning 20 new stores by 2027, doubling its physical footprint. CEO Guillaume Motte attributes renewed confidence in the UK market to an improved competitive landscape. The brand, which re-entered the UK in 2022 after a 17-year absence, currently operates six stores, with…
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