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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May- 2022 -17 MayHigh Street
Shaftesbury acquires £27.5m Soho leasehold
Shaftesbury has announced that it has acquired a 200 year ungeared leasehold interest in Soho for £27.5m, allowing the creation of 11 new units for new retailers and F&B concepts, all of which will be available from autumn 2022. Located on the lower floors of 92-104 Berwick Street, the portfolio…
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17 MayProperty
Landsec returns to profit amid retail recovery
Landsec has announced it has returned to profit in FY22 boosted by record office leasing and a return to growth in its major retail destinations. For the year ended 31 March 2022, Landsec delivered pre-tax profits of £875m up from a loss of £1.3bn the year prior. The group said…
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16 MayHigh Street
Post-Covid UK Footfall recovery worsens
Footfall in UK retail destinations declined by -0.7% last week from the week before, a consequence of drops in footfall in both retail parks (-1.8%) and shopping centres (-2.3%) whilst in high streets footfall rose modestly by +0.7%. This meant that the gap from the 2019 footfall level widened to…
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13 MayNews
Sharkninja moves to Battersea Power Station
Home appliance manufacturer SharkNinja has announced its acquisition of a new office space in Battersea Power Station. The new office adds to SharkNinja’s existing footprint in the UK and the company said it forms a “key part of the business’ continued expansion, with the workforce to consist entirely of product…
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13 MayPeople Moves
JD Sports appoints new non-executive director
JD Sports Fashion Plc has announced the appointment of Suzi Williams as a non-executive director, effective 16 May 2022. Williams has spent 30 years running global consumer brands and businesses for blue chip companies, including Procter andGamble, Orange and the BBC. As chief marketing officer at BT Group Plc, she…
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12 MayHigh Street
Bloom & Wild unveils first ever retail pop-ups
Bloom and Wild has announced it will host a series of pop-up shops for the first time, available from 26 May to 10 July. The pop-ups will be located across London, Bristol and Edinburgh, and they will allow customers to purchase both botanical items and homeware. Following the concept of…
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11 MayClothing & Shoes
Ikks Paris makes UK debut
French fashion and lifestyle brand, IKKS Paris, has marked its UK debut with the company’s first flagship in the country set to open on Carnaby Street this month. The 2,610 square foot store spans two floors with a full collection of womenswear, menswear, and kidswear. It comprises a lounge area…
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10 MaySupermarkets
Amazon Fresh to expand beyond London with Sevenoaks site
Amazon Fresh is set to open a new site in Sevenoaks, Kent, becoming one of the first Amazon Fresh stores to open outside of London. According to Kent Online, it is thought the new store will open on the site of a former Baby Gap in Bligh’s Meadow. Sevenoaks District…
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10 MayDIY
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores by the end of next year to help make Ikea more accessible for customers. It said the investment reflects the ongoing retail transformation and the company’s “unchanged determination to get…
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9 MayHigh Street
West End landlords Shaftesbury and Capco consider £3.5bn merger
The Boards of Shaftesbury PLC and Capital and Counties Properties PLC (Capco) have confirmed they are in advanced discussions regarding a possible £3.5bn all-share merger of the two companies. Under the proposed terms of the possible merger, Shaftesbury’s shareholders, excluding the Shaftesbury shareholding owned by Capco, will own 53% of…
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