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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Sep- 2022 -14 SeptemberSupermarkets
Sainsbury’s staff to see pay increase amid £25m support package
Sainsbury’s has unveiled a £25m cost-of-living support package for hourly paid employees to help support them with rising household costs, £20m of which will go towards a pay increase. Employees will receive an Autumn pay increase outside of their annual pay review, in what the group called an “unprecedented” step…
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9 SeptemberDepartment Stores
Selfridges to shut today as retailers pay tribute to Queen
Selfridges has announced that its stores in London, Manchester and Birmingham will remain closed today (9 September) as a mark of respect for Queen Elizabeth II, who passed away yesterday at the age of 96. The retailer acknowledged the temporary closure on its social media pages, alongside a statement that…
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9 SeptemberEconomy
UK workers face £2,000 hit to real wages
UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy confronts a “highly volatile and uncertain” inflationary outlook, according to the latest PwC Economic Outlook. PwC expects that the UK will likely report growth of between 3.6% in the “mild…
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6 SeptemberClothing & Shoes
WNU receives B Corp certification
WNU has announced that it has achieved B Corp certification, commiting to a “continuous improvement process” on its commitment to environmental and social actions. B Corp is one of the most demanding certifications that evaluates brands’ social and environmental impact, with over 300 questions on governance, workers, communities and impact…
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1 SeptemberHigh Street
Battersea Power Station confirms 14 October opening date
Battersea Power Station has confirmed it will open its doors to the public for the first time from Friday 14 October 2022. Electric Boulevard, a new pedestrianised high street, which runs from the south of the Power Station, between Frank Gehry’s Prospect Place and Foster + Partners’ Battersea Roof Gardens…
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Aug- 2022 -30 AugustHigh Street
Store closures drop to lowest rate in seven years
Store closures have stabilised to the lowest rate in over seven years, with 6,146 store closures in H1 2022 (-30%) year-on-year from multiple retail operators, compared to 3,888 openings (+11%). According to PwC’s latest Store Openings and Closures report for H1 2022, there were 34 closures, 21 openings, and a…
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25 AugustClothing & Shoes
French fashion brand Jott to open its first UK store in Marylebone
French fashion brand Jott has announced its first UK store is opening in Marylebone Village in the autumn. Jott is a French premium outerwear brand with “iconic colourful down jackets”. Its first British store at 103 Marylebone High Street covers 1,140 sq ft of space. The news follows the recent…
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24 AugustHigh Street
Oxford St footfall up 24% as international travel begins to return
Footfall levels on London’s Oxford Street continued on an upward trajectory in July 2022, up 24% from the previous month, according to RSM UK’s analysis of the latest data from Datscha. Footfall as a whole increased 16% in July 2022, compared to the previous month. As well as London, Leeds…
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23 AugustOnline & Digital
Made.com director steps down as group mulls equity raise
Made.com has announced that one of its senior directors, Gwyn Burr, has stepped down from the board with immediate effect, amid reports the group is looking to shore up its cash reserves through a fresh equity raise. Burr cited her reason for leaving as “a need for her to give…
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22 AugustOnline & Digital
Amazon Fresh rollout put on pause
Amazon has reportedly paused its plans to expand its checkout-free convenience stores, according to The Times, amid weaker sales and the current economic outlook. The Times claims the retail giant has “walked away” from talks on “dozens” of sites for its Amazon Fresh stores, whilst calling off a search for…
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