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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Mar- 2024 -1 MarchNews
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End between 2027 and 2033, as indicated by the New West End Company. This initiative, supported by both public and private investments, aims to revamp Oxford Street’s public spaces, infrastructure, and…
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1 MarchNews
Oxford Street revamp to deliver £2.8bn in sales by 2033
The upcoming £90m Oxford Street Programme is set to deliver up to £2.8bn in total additional sales to the West End between 2027-2033, New West End Company has revealed. The significant public and private investment into Oxford Street’s public realm coincides with a wider evolution in mix across the street,…
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1 MarchHealth & Beauty
The Body Shop to close 75 stores and cut over 400 jobs
The Body Shop will close 75 more stores across the UK in the coming weeks, with 489 jobs set to be lost, according to administrators at FRP Advisory. The firm said it would “support all impacted staff with claims to the Redundancy Payments Service”. Some 116 stores will continue trading…
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Feb- 2024 -29 FebruaryHigh Street
Majestic named exclusive UK distributor for Blake Lively’s drinks
Majestic has become the exclusive distributor of actress and entrepreneur Blake Lively’s drinks brands – Betty Buzz and Betty Booze – across England, Scotland and Wales. The new partnership will see the retailer add seven products from the Betty Buzz premium sparkling soda and Betty Booze ready-to-drink ranges to its…
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29 FebruaryDepartment Stores
Frasers Group CMO exits amid marketing team restructure
Frasers Group chief marketing officer Beckie Stanion has left her post amid a restructure of the company’s marketing team, leaving 20 jobs at risk, according to Drapers. The company stated this move aims to “improve operational efficiency and delivery across all areas of marketing functions” and the business has launched…
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28 FebruaryNews
Getir donates £30k to charity through Nisa partnership
Getir has donated £30,000 to London’s Community Kitchen (LCK) thanks to its long-standing partnership with Nisa. Getir began stocking Co-op products nationwide from November 2022 after a successful trial period in local London stores. Funds were made possible through Nisa’s registered charity, Making a Difference Locally (MADL), which raises funds…
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28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryClothing & Shoes
Shein mulls London IPO amid resistance to New York listing
Shein is reportedly considering the possibility of switching its initial public offering to London from New York in what could be one of London’s biggest ever IPOs, Bloomberg has reported. According to reports, the fast-fashion company is in the early stages of exploring the London option in case US regulators…
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27 FebruarySupermarkets
M&S invests record £89m in boosting staff pay
M&S has today (27 February) announced a record £89m investment in its retail pay offer, and a further £5m annual investment to enhance its maternity, paternity, and adoption policies. From 1 April, the rate of pay for UK customer assistants will increase from £10.90 to £12 per hour, representing a…
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23 FebruaryNews
Today’s news in brief-23/2/24
Consumer confidence in the UK dropped by two points to reach -21 in February, according to the GfK index. The survey highlighted decreases in various measures compared to the previous month, including personal finances and the country’s economic situation over the past year. However, there was no change in the…
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