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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Apr- 2024 -5 AprilDepartment Stores
Majestic acquires Vagabond Wines
Majestic, the UK’s largest specialist wine retailer, has bought Vagabond Wines out of administration, saving nine of its wine bars from closure. The strategic acquisition provides clarity and job security for 171 Vagabond colleagues following a period of uncertainty, after the business went into administration last month. Following the acquisition,…
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5 AprilHigh Street
The Works shareholders vote to exit main stock exchange
The Works has announced that its shareholders voted to transfer shares from the main market of London’s Stock Exchange to its sub-market AIM, as a cost-reducing measure. This latest move was the outcome of the retailer’s latest AGM that was held yesterday (4 April). Almost all shareholders – 99.7% –…
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4 AprilHealth & Beauty
Kiko Milano to open new store in Angel Central
Italian cosmetics brand Kiko Milano is set to open a new store in Islington’s retail destination Angel Central as part of the brand’s expansion plans across the UK. Kiko Milano will open an 818 sq ft unit at Angel Central later this month, adjacent to brands such as Rituals and…
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4 AprilHigh Street
Footfall shows signs of stability as Easter break provides modest boost
March witnessed a modest rise in retail footfall across the UK, with an increase of +1.7% compared to February, signalling the lowest month on month rise for this period in the last decade, according to the latest data from MRI. MRI said the data suggests that footfall trends are starting…
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4 AprilNews
‘Missed opportunity’ not ending tourist tax says NWEC chief
Dee Corsi, New West End Company (NWEC) chief executive, has called the government’s decision not to end the tourist tax a “missed opportunity”. Ahead of the latest Budget in March a number of business leaders called upon Jeremy Hunt to scrap VAT on purchases made by tourists but Hunt resisted…
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2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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2 AprilClothing & Shoes
Shein profits clear $2bn mark ahead of IPO
Shein has seen its profits double to over $2bn (£1.6bn) while it waits to launch its IPO in either London or New York, according to the Financial Times. Furthermore, the company saw its sales jump to $45bn, becoming one of the most profitable fashion companies in the world. Only Inditex,…
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2 AprilClothing & Shoes
Superdry CEO abandons takeover as Hilco extends funding facility
Superdry CEO Julian Dunkerton’s plan to takeover the group has fallen through, as the fashion retailer has announced a funding facility extension of £20m with Hilco. The news comes after Dunkerton’s deadline to make an offer for the retailer was extended earlier this month. A statement in the London Stock…
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Mar- 2024 -27 MarchHealth & Beauty
Elemis to open first London store in Covent Garden
Beauty retailer Elemis has chosen Covent Garden’s Seven Dials for its first standalone store in London. Set to Monmouth Street, the premium skincare brand will open a 1,000 sq ft unit and will feature its formulated range of skincare, grounded in aromatherapy and backed by clinical trials. Launching in Spring,…
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25 MarchHigh Street
Bumper Easter week to boost footfall by +6.6%
Footfall is forecast to rise by +6.6% across all UK retail destinations over the week of Easter, according to MRI Software. MRI said it anticipates that shoppers will “flock” to retail parks this week to stock up on Easter essentials ahead of the weekend with the latter part of the…
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