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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Oct- 2024 -17 OctoberNews-In-Brief
Today’s news in brief-17/10/24
N Brown has agreed to a £191m takeover by Falcon 24 Topco, a company led by Joshua Alliance, a member of the founding Alliance family. Joshua, who already holds a 6.6% stake, will acquire the fashion retailer at 40p per share. Other family members, including former chair Lord David Alliance,…
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17 OctoberClothing & Shoes
Mint Velvet opens new store in centre:mk
Mint Velvet, the British womenswear brand, has opened its new boutique and debut Milton Keynes location, within centre:mk’s premium Silbury Arcade. Spanning 2,100 sq ft, the store offers Mint Velvet’s latest collection of womenswear footwear, and accessories. Designed by London-based StudioJill, the interior reflects the brand’s “distinct relaxed glamour identity”. …
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17 OctoberHigh Street
Snapchat debuts immersive AR ‘high-street’ with Boots and Depop
Snapchat has announced the launch of an all-new immersive high-street experience, Snap Street, set to open in East London this October. The Ely’s Yard building in Brick Lane will be transformed into an actual indoor ‘high-street’ with shop-fronts showing off the state-of-the-art Augmented Reality (AR) experiences available on Snapchat –…
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15 OctoberHealth & Beauty
Pure Seoul makes Midlands debut with new shop at Bullring and Grand Central
Beauty retailer Pure Seoul has made its Midlands debut with the opening of a new location at Bullring and Grand Central. The news comes as health and beauty transactions at the shopping destination have jumped 26% year-on-year. Located on Bullring’s middle level, the 800 sq ft K-Beauty store showcases one…
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14 OctoberDepartment Stores
Fenwick unveils largest beauty hall outside of London
Fenwick has unveiled the opening of the largest beauty hall outside of London located in Newcastle. At 26,000 sq ft, the newly reimagined space is a testament to Fenwick’s dedication to creating an “innovative” in-store shopping experience, featuring two new enlarged atriums, 56 ft of facade windows looking out onto…
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14 OctoberHigh Street
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax would hit retailers, leisure and hospitality firms, The Guardian has reported. In an open letter coordinated by the British Retail Consortium, CEOs have called on the government to introduce a…
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11 OctoberDepartment Stores
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially” lowered its prices across 63 markets. However, as a result of the price decreases, the retailer saw a 4.5% upward trend both in store visitation and a 21% increase in…
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10 OctoberNews
Waitrose partners with Just Eat to expand delivery services
Waitrose has today (10 October) partnered with delivery network Just Eat on a multi-year deal to expand its presence in the on-demand grocery and convenience sectors. In the coming weeks, millions of Just Eat customers will be able to order groceries to be delivered in 30 minutes or less from…
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9 OctoberNews-In-Brief
Today’s news in brief-9/10/24
Shein’s UK arm reported robust financial results for 2023, with revenues climbing 38% to £1.55bn and pre-tax profits doubling to £24.4m. These figures surpass rival Boohoo’s latest annual revenues. The company also announced plans for an IPO in London, pending regulatory approval, to capitalise on its growth momentum and expand…
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9 OctoberComment
Jack Newman: From Jack Wills to Cegid, Optimising Retail Operations
Jack Newman, Head of Onboarding Customer Success at Cegid, has had a career deeply rooted in retail. His journey from a 16-year-old sales assistant to a leader in retail operations is one of growth, mentorship, and a passion for improving efficiency in the fast-paced world of retail. In this feature,…
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