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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Aug- 2023 -2 AugustClothing & Shoes
Sales growth of 62% is in the bag for colourful backpack firm ROKA London
* Revenue shot up from £3.72 million in 2021 to £6 million in 2022 and it is expected to exceed £9 million in 2023; * ROKA’s stylish and sustainable bags and backpacks have become a fashion item in their own right and it has recently captured the student market; *…
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2 AugustClothing & Shoes
Dr Martens shares rise after Sparta Capital builds stake
Dr Martens saw its share price boosted at the start of this week (31 July) after it was targeted by activist fund manager Sparta Capital. According to a Sky News report over the weekend, the fund, launched by former Elliott Management exec Frank Tuil, has acquired tens of millions of pounds…
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2 AugustClothing & Shoes
Scamp and Dude to open stores in Edinburgh and London
The independent fashion brand, Scamp and Dude, has announced its expansion with two new stores in Edinburgh’s St James Quarter and London’s Battersea Power Station, which are due to open this September. This follows a year of “exponential” growth for the brand after the retailer launched its flagship store in…
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Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported. It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
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28 JulyHigh Street
UK loses 6,000 storefronts in five years
The UK high street has lost over 6,000 storefronts in the past five years as the vacancy rate increased to 13.9% in Q2 2023, according to the latest figures from the BRC-LDC Vacancy Monitor. The Q2 performance was 0.1 percentage points worse than Q1, however it is 0.1 percentage point…
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27 JulyOnline & Digital
THG snaps up City A.M.
THG has announced the acquisition of London’s 18-year-old business newspaper, City A.M. The news comes after it was revealed that City AM was on the brink of administration and THG was reportedly in advanced talks with the newspaper to acquire it through a pre-pack administration. Matthew Moulding, THG chief executive…
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26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
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26 JulyOnline & Digital
THG in talks to buy City A.M.
Online beauty retailer THG is reportedly in advanced talks with London business newspaper, City A.M. to acquire it through a pre-pack administration, according to Sky News. The news comes after it was revealed that City A.M. is on the brink of administration after failed attempts to find a buyer in…
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25 JulyNews
Greggs opens new Gatwick Airport site
Greggs has yesterday (24 july) opened a new shop in Gatwick Airport’s South Terminal, marking the first airport site in London, and eighth airport location in the UK. This is a major milestone in Greggs’ growth strategy, as the group looks to expand beyond the high street to key transport…
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25 JulySport & Leisure
Under Armour opens new Brand House on Oxford Street
Under Armour has opened its latest Brand House in London on Oxford Street. The Oxford Street location, which opened on 20 July, is the latest in a series of Brand House openings following Westfield Stratford, Battersea Power Station, and Liverpool. Under Armour reported this is its strategy to grow its…
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