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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Jun- 2022 -10 JuneHealth & Beauty
THG to gift shares to 500 staff
Online beauty retailer THG has announced it is to gift shares to 500 of its employees. The Manchester-based firm said it will reward the selected members of staff below executive level subject to “achievement of various targets”. THG said an application has been made to the Financial Conduct Authority (FCA)…
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9 JuneDepartment Stores
John Lewis announces proposed locations for rental homes
The John Lewis Partnership has announced its first three locations where it proposes to build new rental homes. The three proposed sites include building over Waitrose shops in Bromley and West Ealing in Greater London and replacing a vacant John Lewis warehouse in Mill Lane, Reading. The three locations were…
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9 JuneHigh Street
Co-op to launch new food waste reduction platform
The Co-op is set to launch a new platform which aims to help retailers reduce food waste and is currently being trialled in some of its own stores. Founding partners Co-op and Microsoft, supported by technology consultancy BJSS and Team ITG, have created the platform – named Caboodle – a…
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1 JuneDIY
Ikea and H&M open Atelier100 space
A new joint venture from H&M and Ingka Group, Ikea’s largest franchisee, has opened its doors to showcase London-based designers and creatives in the capital. The first Atelier100 store, which is located at Livat Hammersmith, officially opens to the public today (1 June), and is the result of a “first-of-its-kind”…
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May- 2022 -31 MayPeople Moves
Nelson Peltz joins Unilever as non-executive director
Nelson Peltz, American billionaire and activist investor, will join London-listed Unilever from July 20 and serve on the board’s compensation committee in a non-executive capacity. Peltz is CEO and a founding partner of Trian Fund Management, an investment management firm. He has previously served on the boards of several major global…
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31 MayHigh Street
UK footfall forecast to rise by 8% over Jubilee weekend
Following a modest rise in footfall last week, retail experts expect the Platinum Jubilee and school half term holiday to cause footfall in retail destinations to surge by as much as +8% over the bank holiday weekend. According to Springboard, it anticipates an uplift of as much as +10% in…
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30 MayHigh Street
Reebok owner in talks to seal £300m Ted Baker takeover
Reebok’s owner, the Authentic Brands Group (ABG), is reportedly racing to finalise a £300m takeover of Ted Baker, according to Sky News. ABG has reportedly become the preferred bidder for the London-listed fashion retailer, and has indicated that it is willing to pay more than 150p-a-share for the company. According…
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27 MayEconomy
West End set for £80m injection over Jubilee weekend
The New West End Company, which represents 600 retail, restaurant, hotel and property owners across Bond Street, Oxford Street, Regent Street and Mayfair, said that it forecasts that sales over the Jubilee weekend (2-5 June) will hit £80m. The New West End Company, which represents 600 retail, restaurant, hotel and…
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24 MayHigh Street
Harrods appoints chief financial officer
Harrods has appointed Tim Parker as its new chief financial officer for the group. He joins Harrods following 10 years at Jardin Matheson, where he held a range of senior finance leadership positions across Hong Kong and Malaysia for the diversified Asia-focussed group. Originally qualifying as an accountant with PwC…
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18 MayLuxury Goods
Watches of Switzerland hails record revenues of £1.23bn
The Watches of Switzerland Group has reported its group revenues surged 40% year-on-year from £905m to £1.23bn in the 53 weeks ending 1 May 2022 (FY22), marking a “record” year of revenue and profitability. All in all, UK revenues were up 36% to £810m and US revenues were up 48%…
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