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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May- 2024 -29 MaySupermarkets
M&S to invest £30m in London store portfolio
M&S has announced plans to invest over £30m in new and renewed stores across London this financial year, which is also expected to support an estimated 100 new jobs. As a result, the retailer will be opening two new fresh-market style food halls in Sidcup and Friern Barnet, as well…
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29 MayOnline & Digital
Ocado to be relegated from FTSE 100 as stocks fall
Ocado could face relegation from the FTSE 100 after its share price collapsed, amid reports the company is considering moving its listing from London to New York. The London Stock Exchange named Ocado Group as an indicative FTSE 100 deletion ahead of its next quarterly reshuffle, with technology group Darktrace…
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24 MayNews
Ryman Design opens new store in Edinburgh
High-street stationer Ryman has announced the launch of a new Ryman Design Store, set to open in Edinburgh today (24 May). The store is the latest addition to a growing number of Ryman Design stores across the UK, following the opening of the London Bishopsgate in June 2023, and London…
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22 MayNews
Superdry announces restructuring measures to avoid administration
Superdry has revealed its capital and restructuring measures to avoid running an emergency four-week sale process. Earlier in April, the struggling retailer had announced it was launching a restructuring plan which would principally involve a restructuring of its UK property estate and retail cost base. Now the retailer has revealed…
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22 MayHealth & Beauty
THG shareholder to vote against chair reappointment
An activist investor in THG is reportedly set to vote against the reappointment of chair Charles Allen as it criticised the group’s “poor” share price and “major” strategic and structural issues. According to The Financial Times, Kelso, a UK investment firm that owns about 0.5% of THG’s shares, said it…
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21 MayHigh Street
The Works expects return to profit amid cost-cutting plans
The Works is anticipating a return to profit in its new financial year, having reported flat sales for FY24, following its relisting to AIM and further cost-cutting measures. In its latest trading update for the year ended 5 May 2024, revenues inched up by 0.9% to £282.6m, while total like-for-like…
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20 MayFeatures
How to revive a struggling business
In recent months and years the retail sector in the UK has faced significant challenges. Amid economic uncertainties, shifting consumer behaviours, and the growing dominance of e-commerce, many brick-and-mortar stores are struggling to stay afloat. Here are a number of steps you can take to help keep your business afloat…
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20 MayShopping Centres
British Land sells 50% Meadowhall stake for £360m
British Land has announced that it has sold its 50% stake in the Meadowhall shopping centre in Sheffield. The company has revealed it has sold its stake to Norges Bank Investment Management for £360m. This follows the sale of some ancillary land by the Joint Venture for £7m (British Land…
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20 MaySupermarkets
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for the first quarter ended 31 March. The supermarket’s continued growth in total revenues, like-for-like sales and margin improvement in food and non-food includes a particularly strong contribution from George at…
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16 MayLuxury Goods
Watches of Switzerland Q4 sales rise 4%
Watches of Switzerland has seen its group revenues jump 4% up to £380m for the 13 weeks ended 30 April. The company saw its US sales rise 6% to £846m but its UK and Europe sales dropped 5% to £846m “impacted by macroeconomic conditions in the UK”. It has stated…
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