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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Sep- 2023 -22 SeptemberElectrical
Currys to recruit for over 1,100 roles ahead of ‘peak’ trading
Technology retailer Currys has today announced plans to create over 1,100 new roles during this year’s “peak” trading period. To support the business through the “busiest” time of the year – the period leading up to Black Friday through to the January sales – 720 temporary roles have been made…
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21 SeptemberSport & Leisure
Footasylum opens Oxford Street flagship
Sportswear retailer Footasylum has opened its flagship store at 73-89 Oxford Street in London, as it continues to see strong demand for its branded streetwear offering. The new 20,000 sq ft store opened to the public today (21 September) and trades across two floors, with additional customer service and click-and-collect…
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19 SeptemberNews
Today’s news in brief-19/09/23
Kingfisher, the parent company of B&Q, has revised down its full-year profit forecast to £590m from the initial estimate of £634m. This adjustment is in response to challenging trading conditions. In H1, the company reported a 30.9% decrease in operating profit compared to the same period last year, with group…
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19 SeptemberClothing & Shoes
Shein’s UK business posts £1bn sales
Shein’s UK business has revealed that it reached £1bn in sales for the 16 months ended 31 December 2022. The company also revealed that it saw a pre-tax profit of £12.2m and a revenue of £1.1bn in its latest filing on Companies House. Shein also marked a number of milestones…
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15 SeptemberClothing & Shoes
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (£4.3bn) for the three months ended 31 August 2023. Alongside this the company stated that its net sales were up 8% when excluding Russia, Belarus and Ukraine. However, in local currencies, the company stated that its net sales…
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14 SeptemberNews
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy to reinvigorate the asset with new brands, concepts and market firsts. Located at the gateway to Bullring and just metres from the iconic steel Bull, Nike Birmingham will follow the…
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12 SeptemberClothing & Shoes
Primark owner ups guidance after 15% sales surge
Primark owner Associated British Foods (ABF) has raised its profit guidance after seeing better than expected results. The company now expects an adjusted operating profit “slightly better” than its previous expectation of “moderately ahead” of its £1.4bn profit last year. It also expects Primark sales to be around £9bn for…
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11 SeptemberHigh Street
John Lewis boss calls for review into town centres amid looting fears
The boss of John Lewis has warned that high streets could become a “looting ground” for criminals if change is not implemented, calling for a royal commission review into dying town centres. Dame Sharon White has warned that years of shop closures have led to a rise in shoplifting and…
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8 SeptemberClothing & Shoes
Focus Brands to open two Avirex stores amid UK expansion
UK-based sports and streetwear distributor, Focus Brands, will be opening two stores for the US military apparel brand, Avirex, on 15 September amid the brand’s expansion in the UK. The first London site is a pop-up on Soho’s Berwick Street and the second is on Fitzrovia’s Eastcastle Street. The openings…
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8 SeptemberClothing & Shoes
Primark to offer womenswear online as it expands click and collect
Primark is set to offer womenswear online for the first time as it expands its click and collect trial. From 13 September, some 57 trial click and collect stores across Greater London, the North West of England and North Wales will be able to buy a selection of womenswear online.…
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