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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Feb- 2024 -22 FebruaryNews
Today’s news in brief-22/2/24
Taxpayers are expected to cover millions in redundancy payments for laid-off staff at The Body Shop as the company undergoes restructuring. The company’s administrators plan to close nearly half of its stores, affecting over 2,200 employees. Only staff with over two years of tenure qualify for redundancy pay, with payments…
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22 FebruaryClothing & Shoes
LDC and Faire launch pop-up for ethical UK fashion brands
Lone Design Club and online wholesale marketplace, Faire, have launched their first ever collaborative pop-up during London Fashion Month to give exclusive physical selling space to emerging and conscious UK fashion brands. The collaborative space in Covent Garden will be running until Wednesday 28 February, featuring the likes of Arctic…
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22 FebruaryProperty
URW secures 12 lease signings for Centrale & Whitgift
Unibail-Rodamco-Westfield (URW) has announced 12 new signings for Centrale and Whitgift including London’s first Loupe store, alongside a number of key renewals including international and British brands Trespass and No.1 Currency Exchange. Loupe, a new venture from Beaverbrooks, the family-owned jewellery business, opened its 5,350 sq ft store as part…
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22 FebruaryClothing & Shoes
Tomorrow Limited acquires A Cold Wall
Tomorrow Limited, a London-based fashion accelerator, has acquired designer streetwear brand A Cold Wall for an undisclosed sum. A Cold Wall was founded in 2015 by Samuel Ross and Tomorrow Limited made its first minority investment in the label in 2018. While Ross and Stefano Martinetto, co-founder and CEO of…
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22 FebruaryHigh Street
Taxpayers to foot bill for Body Shop redundancies
Taxpayers are set to pay millions of pounds to laid off staff at The Body Shop as the restructuring of the collapsed chain gets underway, The Telegraph has reported. Employees who have lost their jobs have reportedly been told to make claims through the government-backed redundancy payments service, which is…
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22 FebruaryClothing & Shoes
Sports Direct launches Swiss brand On in selected stores
Sports Direct has announced the launch of On across its key stores including flagships in London, Birmingham, Manchester and its brand new Cardiff location, opening on 23 February. On has gained “significant” industry recognition and consumer popularity in recent years for its innovative technology, performance focused products and sustainable initiatives. …
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21 FebruaryElectrical
Currys shareholder Redwheel warns of stock market decline
Currys’ largest shareholder, Redwheel, has warned that more foreign firms will begin to circle London companies after the electronics retailer rejected a takeover bid from US hedge fund Elliott, The Telegraph has reported. Redwheel, which holds 14.6% of shares in Currys, said it was in “complete agreement” with the retailer’s…
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20 FebruaryHealth & Beauty
The Body Shop to reduce store estate by almost half as part of restructuring
FRP Advisory has announced that it expects keep “more than half” of the The Body Shop’s 198 store open at the end of its restructuring plans amid news it is closing seven stores today (20 February) in a bid to secure the future of the retailer. After years of unprofitability…
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19 FebruaryNews
Wolf and Badger opens flagship shop in London
Wolf and Badger, the multi-channel retailer, has officially launched its UK flagship store at 102 Berwick Street, in Soho London. The opening represents a milestone moment in the brand’s bricks-and-mortar presence, and reaffirms Shaftesbury Capital’s portfolio-wide appeal to high-quality retailers. Wolf and Badger’s 1,400 sq ft unit at 102 Berwick…
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16 FebruaryNews
Today’s news in brief-16/2/24
In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in December. This surge, the largest since April 2021, comes amidst continued inflation, with prices increasing by 4% in January. Despite the rise in prices, consumer spending increased by 3.9%, indicating…
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