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.
-
May- 2023 -3 MayAnalysis
Will retailers of organic produce make a comeback?
Whole Foods, which was acquired by Amazon in August 2017, started off the year with a cut-and-dried plan to invest profits strategically. In what CEO Jason Buechel called “a 10-year vision for leading the company into the future”, the organic produce retailer aims to set records for new store growth,…
Read More » -
2 MayHigh Street
Bank holiday sees footfall rise 12.9%
The bank holiday weekend saw footfall ramp up “significantly” from Friday onwards, with an increase in footfall over Saturday and Sunday of +12.9% from the week before last, according to mRI Springboard. The average week on week % change from Sunday to Thursday was only +0.9%, but averaged +10.3% over…
Read More » -
2 MaySport & Leisure
Footasylum to open Oxford Street flagship
Fashion streetwear and sportswear retailer, Footasylum, has announced that it will be opening a flagship store at 73-89 Oxford Street, London, as it continues its nationwide plans for expansion. The new 20,000 sq ft store will officially open in the second half of 2023, with an exact launch date yet…
Read More » -
2 MayDepartment Stores
John Lewis to downsize head office in cost-cutting efforts
John Lewis is looking to halve its office space in an effort to cut costs through a loose hybrid working approach, as the company is now hunting for an office of 100,000 sq ft compared with its current 220,000 sq ft space, The Times has reported. The partnership, which also…
Read More » -
Apr- 2023 -28 AprilProperty
Retailers cautious to invest as retail vacancies plateau
The overall vacancy rate for retail units in the UK remained at 13.8% of Q1 in 2023, the same rate it was at for Q4 2022, according to data from the British Retail Consortium. However, this figure was 0.3 percentage points better when compared with the same period last year.…
Read More » -
27 AprilPeople Moves
Boohoo appoints John Goold as new board member
Boohoo has announced the appointment of John Goold to its board as an independent non-executive director. Goold will become chairman of the Audit Committee and he will also be a member of the Nomination, Remuneration and Risk committees. He began his career by qualifying as a chartered accountant in 1996…
Read More » -
27 AprilSupermarkets
M&S invests £12.5m into London store estate
M&S is investing £12.5m into its stores across London in the coming year, in a move that will create 200 jobs and double the total new square footage secured across its store estate last year. Over the last year, the group invested £10.3m into London, creating 200 jobs, meaning the…
Read More » -
26 AprilFeatures
Experience and experiment: the changing nature of the flagship
“Our flagship has always been at the heart of Heal’s, and is symbolic of the significant role that bricks and mortar has played in our centuries-long heritage. From the flagship, our predecessors have worked not only through evolving design and retail trends, but through key moments in modern history, having…
Read More » -
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…
Read More » -
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…
Read More »
