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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Jul- 2022 -7 JulyHigh Street
Footfall set to remain below 2019 for foreseeable future
Footfall is set to remain below 2019 levels for the “foreseeable future” as the cost of living crisis deepens and working from home becomes a permanent fixture, according to the latest Footfall Monitor and Insights from Springboard. Springboard found that footfall strengthened for the third consecutive month in June, with…
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6 JulySupermarkets
Almost a third of M&S shareholders vote against Steve Rowe’s bonus pay
M&S experienced a shareholder revolt at its AGM meeting yesterday (5 July) after almost a third voted against its remuneration report that included a £2.6m paypacket to outgoing CEO Steve Rowe. M&S said it has been “proactively talking” to its larger shareholders about this subject and added it was aware…
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4 JulyElectrical
Amazon launches first UK fleet of e-cargo bikes
Amazon has announced the launch of its first fleet of e-cargo bikes and walkers in the UK, creating a new micromobility hub for sustainable deliveries in Central London, directly replacing thousands of traditional van trips on London’s roads and reducing traffic congestion. Working with the London Borough of Hackney, Amazon…
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4 JulyNews
Pret H1 revenues surge 230% to £357.8m
Pret A Manger has reported that its half year (H1) revenues in 2022 has grown by 230% year-on-year to £357.8m, up from £155.4m in H1 2021, and up by 160% from £223.4m in 2020. May saw revenues across the UK surpass 2019 levels for the first time, with “particularly strong”…
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4 JulyNews
Sainsbury’s faces growing pressure to supply living wage
Over 100,000 members of the public have joined the call for Sainsbury’s to become a Living Wage employer, with a group co-ordinated by Organise and 38 Degrees recently attending Sainsbury’s headquarters in London to submit a petition of 102,764 signatures. Included in the report were also a number of testimonials…
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4 JulyClothing & Shoes
Diet Coke appoints Kate Moss as creative director
Diet Coke has announced that Kate Moss has been appointed creative director of the brand, as it celebrates its 40th anniversary this year. Moss will work on its new campaign ‘Love What You Love’, which aims to spotlight “individuals who embrace a positive attitude to life, by knowing who they…
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1 JulyEconomy
UK SMEs hit by hiring woes despite ‘record’ wage rise
SMEs across the UK are “facing more woes” as they struggle to fill vacancies despite a strong 14.3% increase in year-on-year sales growth and a “record” 5% rise in wages, according to new data from Xero. It found that SMEs are “struggling to compete with big business” when it comes…
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1 JulyDIY
Ikea owner launches circular economy hub in Hammersmith
Ikea owner Ingka Group has officially opened a new Library of Things at Livat Hammersmith, a circular economy concept that allows customers to “affordably borrow” everyday items. Items such as drills, sound systems and sewing machines will be available to borrow from the local hub, while Ingka Group said the…
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Jun- 2022 -30 JuneClothing & Shoes
Unbound unveils 14 partner brands for platform launch
The Unbound Group has announced the launch of its multi-brand platform to offer a “broader” range of new partner brands and complementary own-brand products, starting from 28 July 2022 through to October 2022. The group is initially launching its partner brand offering within apparel and specialist footwear categories. Unbound will…
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28 JuneHigh Street
Retail footfall recovery dampened by strikes
UK footfall dropped by 3.9% last week (20 June – 26 June 2022), compared with the average of the previous four weeks, due to the RMT Union Rail Strikes. According to British Retail Consortium (BRC) Sensormatic IQ data, Thursday (23 June) was the “worst performing” day, with a 13.7% decline…
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