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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Oct- 2023 -13 OctoberNews
Miniso opens new flagship store on Oxford Street
Globally recognised lifestyle retailer Miniso has signed a five-year lease for its new flagship store on Oxford Street. The retailer has become the latest one signing a new agreement in the block following the likes of Claire’s, Ann Summers and Intimissimi. The property provides approximately 3,200 ft of retail accommodation…
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12 OctoberNews
Arc’teryx to open new Covent Garden flagship
Shaftesbury Capital has announced that Arc’teryx, the Canadian high performance outdoor apparel and accessories brand, will be significantly upsizing to a new 8,000 sq ft flagship store at 42 King Street in Covent Garden. This latest move reaffirms the brand’s commitment to, and success within, the destination, reinforcing Covent Garden’s…
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11 OctoberFeatures
Is Tik-Tok Shop a boon or a bane for retailers?
TikTok Shop’s partnership with CommerceHub leverages the app’s ability to cultivate emerging fashion and shopping trends to promote and sell products to TikTok’s user base. CommerceHub‘s ChannelAdvisor marketplace integration solutions provide TikTok with a streamlined connection for brands to connect to TikTok Shop with advanced onboarding tools and APIs. Additionally,…
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11 OctoberFeatures
How much is the ‘tourist tax’ harming retailers
The Centre for Economics and Business Research has calculated that the “tourist tax” is costing the UK £10.7bn in lost GDP and deterring two million tourists from visiting the country per year. The report from the Centre for Economics and Business Research (CEBR) claims that the additional revenue generated by…
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11 OctoberDepartment Stores
Selfridges losses narrow as consumers return to department stores
Selfridges has revealed that losses at the company have narrowed for the year ended 28 January 2023 to £38.3m, down from £83.9m the previous year, as consumers made more trips to the department stores. As a result, the company, which operates four stores in the UK and an online store,…
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9 OctoberNews
Asda rebrands first 11 Co-op sites into Express stores
Asda has launched its programme to convert 116 convenience stores and attached petrol station forecourts acquired from the Co-op Group last year to its Asda Express convenience brand. The 11 sites are the first tranche to be rebranded Asda Express, with the remaining 105 sites due to be converted by…
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6 OctoberDepartment Stores
Frasers Group submits plans for new Warwickshire HQ
Frasers Group has submitted a planning application for a new global HQ campus in Rugby, Warwickshire. If approved, the headquarters is projected to create 7,500 jobs and create £300m in GVA for the region. Architects firm Grimshaw, which designed the Eden Project, London’s Excel Phase II and the Lloyds Banking…
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5 OctoberNews
Today’s news in brief-05/10/23
Asda, post its separation from Walmart, has entered a multi-year partnership with Tata Consultancy Services (TCS) to revamp its IT operations. TCS will implement cloud-based ERP platforms to streamline various processes including supply chain forecasting, buying, and merchandising. This move aims to enhance customer experience, innovation capabilities, and maintain market…
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5 OctoberNews
Borough Yards welcomes three new tenants
Borough Yards, the new retail, leisure, office and dining district in Borough, has announced the arrival of three new tenants. Ted Baker-owned barbers Ted’s Grooming Room and skin specialists re:lax will arrive this autumn to bolster its beauty offer, while the London debut of West African-inspired restaurant Akara becomes the latest restaurant to open. …
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5 OctoberNews
Oxford Street American candy store numbers drop amid council crackdown
The number of American candy stores on Oxford Street has dropped from 29 to 21 following a crackdown by Westminster City Council, according to a new Westminster’s overview and scrutiny committee report. Earlier this year, Westminster City Council further campaigned against US-style candy and souvenir stores by appealing directly to…
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