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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Jun- 2024 -25 JuneNews
Today’s news in brief-25/6/24
Shein has confidentially filed for an IPO in London, valued at £50bn, despite concerns over its portrayal in the UK which has caused some anxiety among Chinese officials. The fast-fashion retailer, which needs approval from both the China Securities Regulatory Commission (CSRC) and the Financial Conduct Authority (FCA), had previously…
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25 JunePeople Moves
Gear4music appoints Sharon Daly as NED
UK-based online retailer of musical instruments and music equipment Gear4music has announced the appointment of Sharon Daly as non-executive director, commencing 5 July 2024. Daly has significant experience of serving on the boards of AIM-listed companies as both executive and non-executive director. She joined Warpaint London PLC as a non-executive…
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25 JuneClothing & Shoes
Shein files confidential London IPO paperwork amid possible listing
Shein confidentially filed paperwork to launch its £50bn IPO in London earlier this month, sources have told Reuters and CNBC, despite recent rumours that the float could be scrapped amid pressure from Chinese officials. According to sources, it is “not immediately clear” when Shein plans to launch the IPO. However,…
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24 JuneNews
Today’s news in brief-24/6/24
Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative portrayals of the company in the UK. The British Fashion Council has expressed significant reservations about Shein’s business practices, particularly around labor exploitation. Although the company is based in Singapore,…
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24 JuneClothing & Shoes
Shein’s £50bn London float in danger
Shein could reportedly ditch plans for its £50bn float in London amid growing concerns in China over how the retailer is portrayed in the UK, The Mail on Sunday has reported.It comes as criticisms of Shein have unsettled high-ranking officials in the Chinese government, sources told The Mail. The criticisms…
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21 JuneClothing & Shoes
Peak Performance to open first UK store in Covent Garden
Scandinavian outdoor brand Peak Performance has selected Covent Garden to be the home of its first-ever UK store. Known for its “bold and progressive” design, Peak Performance Covent Garden will offer a selection of collections at its new 1,700 sq ft home at 49 Long Acre, from the lightweight Helium…
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21 JuneHigh Street
Card Factory to engage shareholders after AGM revolt
Card Factory has announced that it will engage with shareholders after a revolt over the reelection of its chair. The greetings card retailer saw nearly a quarter of shareholders vote against the reelection of Paul Moody. Moody joined the business in July 2020 as executive chair and saw 24.87% of…
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20 JuneSupermarkets
Lidl to hold contractor events as it seeks new stores
Lidl is set to host a series of events aimed at forging new relationships and engaging with existing partners, as it looks to open hundreds of new stores in Great Britain. The events are set to take place from July in Newcastle, Glasgow, Birmingham and Southampton. Hosted by members of…
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18 JuneNews
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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18 JuneClothing & Shoes
Russell and Bromley appoints first creative director
Russell and Bromley has announced the appointment of Daniel Beardsworth-Shaw as its first creative director, as the footwear and accessories brand moves design in-house for the first time in its 140-year history. In his new appointment, Beardsworth-Shaw will join the executive leadership team leading brand and product direction reporting to…
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