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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Jul- 2023 -25 JulyHigh Street
Amazon closes its first checkoutless store after two years
Amazon’s first Amazon Fresh store in the UK has closed, having opened just over two years ago. The till-less store opened in Ealing Broadway in March 2021 and was the retailer’s first store of its kind to open outside of the US. The store was permanently shuttered on Sunday (23…
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25 JulyShopping Centres
Frasers owner makes £50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported. This comes as the shopping centre is being sold by Landsec,…
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24 JulyNews
Footfall drops by 3.5% amid July train strikes
As the RMT rail strike hit most of the UK on 20 July, footfall dropped by -3.5% from last week over the period up to 1pm, according to new data from MRI Springboard. Footfall declined in all three key destination types, by -5.9% in high streets, by -1.1% in shopping…
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21 JulyClothing & Shoes
Marks and Spencer chief slams ‘pathetic’ Marble Arch rejection
The chief executive of Marks and Spencer has slammed the government’s decision to deny the demolition and redevelopment of its flagship store on Oxford Street as “pathetic”. The company planned to demolish the existing three buildings and construct a larger 2 basement and nine-storey mixed-use development containing a retail store,…
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20 JulyClothing & Shoes
Kim Kardashian’s Skims valued at $4bn in latest funding round
Kim Kardashian’s Skims brand has reportedly raised $270m in its latest funding round which values the business at $4bn (£3bn), according to the New York Times. The company, owned by Kardashian and business partner Jens Grede, launched four years ago and was last valued at $3.2bn (£2.7bn). The shapewear retailer…
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19 JulyHigh Street
Small businesses to be offered rent-free stores on Oxford Street
Westminster City Council has partnered with New West End Company to launch a new programme called Meanwhile On: Oxford Street, which is encouraging applications from up-and-coming businesses that are looking to launch their first physical space. Meanwhile On: Oxford Street will offer “substantial” support by providing a six month tenancy…
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18 JulySupermarkets
Supermarkets see largest drop in grocery price inflation since its peak
Grocery price inflation has seen its steepest decline since inflation peaked in March this year, falling 1.6 percentage points to 14.9% in the four weeks to 9 July 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period grew by 10.4% compared…
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17 JulyClothing & Shoes
Hotter Shoes owner confirms intention to appoint administrators
Hotter Shoes owner, the Unbound Group, has confirmed its intention to appoint administrators to its main subsidiary after it was unable to raise £2m to support a restructuring plan. In an announcement, the group said it has concluded that it is required to take the “necessary steps” to preserve value…
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14 JulyClothing & Shoes
Selfridges unveils new loyalty scheme Unlocked
Selfridges has introduced its new loyalty programme, Selfridges Unlocked, which will see that participating customers ‘unlock’ the best product launches, events, news and free shipping. The loyalty scheme will also give full access with special invites to the retailer’s events, services, and product launches first. It also includes a charity…
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14 JulyClothing & Shoes
Sustainable retail concept All Good Things secures £2.5m investment
All Good Things, the independent retailer that exclusively sells pre-loved, fragmented or repaired clothing, has secured a £2.5m equity investment. Funding has been provided by Souter Investments, in conjunction with a broad base of experienced retail industry alumni, including Ben Barnett (former CEO, TFG London), Helen Williamson (former MD, Whistles),…
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