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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Nov- 2022 -9 NovemberOnline & Digital
Next snaps up Made.com brand following collapse
Next has acquired the Made.com brand for £3.4m following the furniture retailer’s collapse into administration, which may see the loss of up to 500 jobs. It comes as MDL, Made’s operating subsidiary, appointed Zelf Hussain, Peter David Dickens and Rachael Maria Wilkinson of PwC as administrators of the group. Following…
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7 NovemberHigh Street
Footfall declines 7.5% in week after half-term
Footfall across UK retail destinations declined by -7.5% last week, following a rise of +8.2% in the week before last during the school half term holiday week, according to Springboard. The gap from the 2019 footfall level widened to -9.8% last week from -9% in the week before last indicating…
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7 NovemberHigh Street
Made.com expected to fall into administration this week
Made.com is reportedly expected to enter administration early this week (7 November) after failing to find a buyer. According to reports it is thought that fashion retailer Next is the current frontrunner to acquire the Made brand name, with PwC set to oversee the sale of its intellectual property. The…
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4 NovemberNews
Browns MD steps down
Browns has announced that managing director of five years, Paul Brennan, has stepped down to take on a new role at Marc Jacobs. At Marc Jacobs, Brennan will take on the role of managing director, EMEA. Stephen Eggleston, Farfetch’s group EVP of commercial, will be taking on overall leadership for…
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3 NovemberSupermarkets
Tesco wins appeal in Lidl trademark dispute
Tesco has won an appeal in court which will mean it can argue at trial that Lidl applied for trademarks for a yellow circle against a blue background in “bad faith”. It comes as Tesco filed a counterclaim against Lidl last year, after the discount supermarket launched a lawsuit that…
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1 NovemberClothing & Shoes
Asos to axe 100 roles
London-based fashion retailer Asos is planning to axe 100 job roles, following a £32m pre-tax loss this year. It is reported that the retailer, which is thought to have approximately 3,300 people on its payroll, will decide which roles to cut back on next week following the launch of a…
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1 NovemberNews
Made.com nears administration as shares suspended
Made.com has announced its shares have been suspended from trading on the London Stock Exchange this morning (1 November) as the retailer announced its intention to enter into administration after failing to secure a buyer for the group. Its operating subsidiary, Made.com Design Ltd (MDL), has appointed Zelf Hussain, Peter…
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Oct- 2022 -28 OctoberHigh Street
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and 0.6% better than the same period last year, according to the latest monitor from the BRC and Local Data Company. This was the fourth consecutive quarter of falling vacancy rates.…
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26 OctoberHigh Street
M&S warns it will close Oxford Street store if rebuild plans are blocked
Marks and Spencer has warned an inquiry it will close its Oxford Street location if its plans to demolish and rebuild the property are refused, according to the BBC. M&S’s scheme to rebuild the site featuring new offices, a gym and a cafe have faced opposition from campaigners who argue…
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21 OctoberHigh Street
ProCook revenues fall 9.1% in Q2
ProCook has reported revenues of £15.9m in Q2, a 9.1% drop year-on-year, yet still 110.4% higher on a like-for-like basis compared to pre-pandemic FY20, for the 16 weeks ended 16 October 2022. The group’s first half revenue of £27.4m, a 14.8% year-on-year decrease, was reportedly due to the annualisation of…
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