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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May- 2023 -15 MayShopping Centres
LDO reports sales up 17% to £19.7m in Q1 2023
London Designer Outlet has reported that its sales reached over £19.7m– an increase of 17% in Q1 2023 compared with the same period in 2022 and 5% on pre-pandemic levels (2019). It also recorded its “strongest ever” April, where sales grew to £8.6m, representing a £1.2m increase on the year…
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12 MayHigh Street
Rail strikes marginally impact footfall
Today’s rail strikes (12 May) have impacted footfall across the UK, with footfall down by -0.7% from last Friday. According to the latest findings from Springboard, this means that footfall has not “bounced back” from last Friday, the Friday before the Coronation bank holiday weekend, when footfall was already -3.5%…
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12 MaySupermarkets
Planet Organic owed creditors £12.5m before rescue deal
Planet Organic owed creditors more than £12.5m when it fell into administration last month, The Grocer has reported. According to The Grocer, a report from administrator Interpath Advisory revealed that more than 400 unsecured creditors will not be repaid the majority of the £8.4m owed as a result of the…
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10 MayNews
Sainsbury launches 100% electric delivery fleet in Nine Elms
Sansbury’s has recently announced that its Nine Elms superstore in London will now deliver to customers using a 100% electric fleet. Delivering to 145,000 households, the Nine Elms delivery fleet is made up of 12 vans, with both the vehicle and fridge units powered by electricity, meaning they will not…
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10 MaySupermarkets
Asda targets Express expansion with new Caine store
Asda has announced plans to open a convenience store in Calne on Tuesday 23 May, which will mark the retailer’s third ‘Asda Express’ format and create 15 new jobs in the community. The store will be located just outside of the town centre on London Road and the new format…
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10 MayOnline & Digital
Asos losses widen to £87m
Asos has revealed a loss before tax of £87.4m in its half-year results for the six months ended 28 February 2023. Furthermore, the company also posted an 8% drop in revenues down to £1.8bn from £2bn in the same period last year. The online retailer reported an adjusted EBIT loss…
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10 MayHigh Street
UK footfall falls 13% on Coronation Day but London welcomes boost
Last week saw mixed results for retailers as footfall dropped by 13.2% from results in 2022 on Coronation Day (6 May), while central London saw a 11.3% boost in footfall and an additional 21.5% between the hours of 10am and 3pm, according to Springboard. Across the whole week, footfall increased…
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10 MayNews
Ikea opens new 452,000 sq ft Dartford distribution centre
Ikea UK has recently opened a new 452,000 sq ft customer distribution centre in Dartford, Kent. This new multi-million pound facility will enable faster, more sustainable home deliveries to customers in London and the southeast of England, according to the group. Located at the former Littlebrook Power Station site near…
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9 MayFeatures
Reinventing delivery – is driverless delivery the future?
Asda recently announced its partnership with Wayve self-driving vehicles in a year-long trial that will give the supermarket the ability to autonomously deliver groceries to over 170,000 residents across 72,000 households in London. Emile Naus, partner at BearingPoint, tells us about how these driverless vehicles can be cost-effective and efficient…
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9 MayHigh Street
M&S to further fund Nobody’s Child growth
Marks and Spencer has announced its plans to further fund the eco-conscious fashion brand Nobody’s Child as it continues to go “from strength to strength”. The news comes as the fashion brand, which has over 340,000 customers each year, continues to be one of M&S’ top performing third-party brand partners.…
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