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 -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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14 JulyClothing & Shoes
Burberry sales jump 18% as China trade rebounds
Burberry has welcomed a strong first quarter of trading as store sales rose by 18% to £589m, largely driven by a strong recovery in Mainland China, where sales rocketed 46% in the period. Aside from recovery in Mainland China, where trade benefited from the end of Covid-19 related lockdowns last…
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13 JulyClothing & Shoes
Oh Polly partners with all-electric courier Packfleet
Global fashion retailer Oh Polly has announced a partnership with all-electric courier Packfleet to provide London-based shoppers with carbon-free deliveries. The collaboration will see clothes delivered straight to customer’s doorsteps through the courier’s cutting-edge technology, aided by its live map tracking, which updates customers on their parcels’ every step. On…
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