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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Mar- 2023 -2 MarchHigh Street
Footfall falls by 5.3% following half-term boost
Footfall across UK retail destinations declined by -5.3% last week from the week before when it surged +7.6% thanks to school half-term. Over the three days from Monday to Wednesday footfall declined by an average of -12.6% in response to an average rise of +16.8% over the same three days…
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1 MarchDepartment Stores
M&S set to increase salaries by 7% from April
British retailer M&S will raise the salary of more than 40,000 customer assistants by 7%, in a bid to help with the cost of living crisis. Starting from April, the hourly pay will jump from £10.20 to £10.90, an increase well ahead of the National Living Wage. Customer assistants in…
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Feb- 2023 -21 FebruarySupermarkets
Tesco gives staff third pay rise in 10 months
Tesco has announced that it has agreed to raise its staff’s hourly wages by 72p from £10.30 to £11.02. This represents the third pay increase given out by the supermarket in the last 10 months and an investment of more than £230m. The combined investment in hourly pay over the…
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20 FebruarySupermarkets
Aldi eyes London store estate expansion
Aldi has announced it is looking to increase its presence in London and around the M25 as part of a multi-million pound expansion plan. The supermarket has pledged to almost double its 60-strong estate within the M25 and create around 2,400 jobs. Aldi currently has more than 990 stores across…
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14 FebruaryHigh Street
Footfall surges 9% amid city centre recovery
Footfall across all UK retail destinations surged +9.1% annually, with a week-on-week footfall boost of +1.6% as office workers returned to city centres, according to the latest figures from Springboard. It found that consumers returned to UK high streets after train strikes the week previous, as Footfall at MRI Springboard’s…
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13 FebruaryFeatures
Talking Logins – Insights from leading tech experts on what’s in store for the rest of 2023
Whether it’s enhancing revenue potential as a retailer, adhering to ever tightening iGaming and sports betting legislation or maximising security as a fintech provider – one thing is sure. Logins are set to be a huge talking point in 2023. Remembering many complex passwords is impossible so their inevitable re-use…
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10 FebruaryClothing & Shoes
New Look closes more UK stores
New Look has confirmed that several stores across the UK have been closed by the retailer, which noted the closures were a “normal course of business”. Four of its sites stopped trading in January, with three further stores closing their doors this month. Last month, the retailer’s sites in Fort…
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10 FebruaryHigh Street
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company said its lower than expected sales growth was because of rail and postal strikes over Christmas and general…
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9 FebruaryClothing & Shoes
Under Armour unveils ambitious UK expansion plans
Under Armour will open three new brand-owned stores in key cities throughout the UK over the next couple of months, following what it called “significant growth and consumer demand in the market”. The stores are part of Under Armour’s overall strategy to strengthen its direct-to-consumer channel, a key element of…
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Jan- 2023 -27 JanuaryHigh Street
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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