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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Jan- 2024 -15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
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15 JanuaryClothing & Shoes
Chinese regulator delays Shein US IPO
Fast fashion brand Shein’s plan to take the firm public on the US stock exchange may be delayed after it applied for approval from a Chinese regulator, according to reports from Reuters. The IPO may be delayed as a result of the potential decision the Chinese regulator may make, with…
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12 JanuaryNews
Today’s news in brief-12/1/24
Authentic Brands Group has acquired Sperry, a renowned American heritage footwear brand known for its iconic boat shoes with a 90-year heritage. The Aldo Group joins as Sperry’s North American operating partner for wholesale, e-commerce, and store operations. Authentic Brands plans to use its global network and operating partners to…
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12 JanuaryLuxury Goods
Fortnum & Mason sales up 17% in run-up to Christmas
Fortnum and Mason has welcomed a period of strong trading over the festive period, with year-on-year sales up by 17% in the five weeks ahead of Christmas, largely boosted by food and decorations. Over six million customers shopped with the retailer over the period, 30% more than the year prior,…
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12 JanuaryClothing & Shoes
Wolf and Badger sees record festive trading
Wolf and Badger has reported record-breaking festive trading and has also achieved 15% revenue growth for 2023. Additionally, it maintained consistent profitability throughout the year, which meant it reported its first full-year EBITDA profit despite a challenging market. In addition to its online presence, the brand operates stores in London,…
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12 JanuaryPeople Moves
John Lewis appoints department store and operations directors
The John Lewis Partnership has announced the appointment of Peter Ruis as executive director of the retailer’s department stores and Naomi Simcock the new operations director. A former John Lewis director, Ruis will rejoin the executive team on 15 January, having more than 30 years of leadership experience at a…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuarySupermarkets
Sainsbury’s invests £200m to raise wages by 9%
Sainsbury’s will be investing £200m to increase colleague pay to £12 per hour – £13.15 in London – from March. The move is the biggest investment made by the retailer into staff pay and will benefit some 120,000 colleagues, giving them an extra £1,910 a year nationally and £2,290 a…
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3 JanuaryHealth & Beauty
UpCircle wins £250k Sky Zero Footprint Fund 2023
Skincare brand UpCircle has won Sky Zero Footprint Fund’s £250k prize in media value to spend on TV this year with its TV commercial ‘forward thinking skincare that keeps you coming back’. UpCircle was founded by siblings Anna and Will Brightman when they discovered that more than 500,000 tonnes of…
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3 JanuaryNews
The O2 sales jump 31% in 2023
The Entertainment District and Outlet Shopping at The O2 has reported a record-breaking year of trade in 2023, with a 31% sales increase compared with like-for-like trading days in 2022. Across the year, The O2 welcomed over 8.9 million visitors to the destination (up 17% compared to 2022 footfall), and…
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