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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Apr- 2023 -26 AprilClothing & Shoes
New Look axes further head office roles
Four department head roles have reportedly been made redundant at New Look, a month after reports first emerged that 70 head office roles were at risk, according to Drapers. Senior e-commerce trade manager Michelle Dobson, head of accessories, beauty and lifestyle buying Faye Walton, head of IT delivery Pete Mead…
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25 AprilNews
Shopping sales at the O2 rise 44% in Q1
The O2, London’s multi-purpose venue, has reported like-for-like sales across outlet shopping up 44%, F&B sales up 26% and total footfall up 20% compared to Q1 2019. Easter half term also proved highly successful across the full destination, with like-for-like sales up 56% and footfall up 11% vs 2019. Outlet…
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25 AprilSupermarkets
Planet Organic founders acquire grocer out of administration
Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott, has beaten out competition from Sainsbury’s to acquire the majority parts of the business and its assets. The deal will see 10 Planet Organic stores continue to trade in locations throughout London, safeguarding 194 jobs in-store…
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25 AprilHigh Street
Primark H1 sales rise 19% to £4.2bn
Associated British Foods (ABF), Primark’s parent company, has revealed that sales rose at the high street fashion retailer by 19% to £4.2bn in the half-year ended 4 March 2023. According to ABF, Primark’s adjusted operating profit also reached £351m with a margin of 8.3%, due to strong like-for-like sales that…
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24 AprilClothing & Shoes
Gymshark profits slip by 38.7% in FY22
Gymshark has revealed that its profits slipped by 38.7% for the year ended 31 July 2022, citing soaring production costs and customers with less disposable income as the reason behind its performance. The news comes as the Birmingham-based athletic clothing retailer, which opened its first brick-and-mortar store on Regent Street,…
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24 AprilLuxury Goods
Kering set to pay £13m rent for Bond Street store
Luxury retailer Kering is set to pay £13m or more per year for a new Yves Saint Lauren store on Bond Street, according to the Sunday Times. This figure of £13m is thought to be a UK record surpassing the £11m paid by Ralph Lauren for its Bond Street store…
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21 AprilDepartment Stores
John Lewis latest business to exit CBI
John Lewis has become the latest business to today terminate its CBI membership in light of the recent allegations against the group. In a statement released today, the retailer said: “Due to the further very serious and ongoing allegations made relating to the CBI, we have decided to end our…
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21 AprilHigh Street
CBI hit with second rape allegation
The CBI is facing a second allegation of rape from a woman who claims she was assaulted by two male colleagues. According to the latest report from The Guardian, the offence took place at one of the CBI’s overseas offices and comes following reports of an alleged rape at a…
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21 AprilLuxury Goods
Selfridges launches ‘Worn Again’ season
Selfridges has officially launched ‘Worn Again’, a season dedicated to secondhand shopping, swapping, repairing, upcycling and trading with the ‘Reselfridges’ products and services on 20 April. Instead of the retailer’s typical offerings, Worn Again’s creative scheme aims to explore different ways to keep products in circulation for longer by dialling…
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21 AprilSupermarkets
Tesco to open Coronation-themed pub in May
Tesco will be opening its first-ever pub, The King in the Castle, next month for 4 and 5 May in celebration of the King’s Coronation. The pub, which is Coronation-themed and located in Farringdon, London, aims to encourage the nation to “do good by going to the pub”. The retailer‘s…
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