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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Feb- 2022 -24 FebruaryNews
Studio Retail appoints Teneo as administrators
Studio Retail, the online retailer, formally appointed Teneo as administrations last night to handle its collapse, according to The Times. Studio Retail’s request for a short-term £25m working capital loan has been rejected by its bank, HSBC, putting approximately 1,400 jobs at risk. The company, formerly known as Findel, had…
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22 FebruaryNews
Storm Eunice curtails footfall rise
Storm Eunice “heavily impacted” footfall across the UK, with a -3.8% decline from the week before and drops in all three destination types, according to retail experts Springboard. However, it said the distortion created by the weather meant that the result between Sunday and Thursday was “wholly different from Friday…
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16 FebruaryHR
M&S raises hourly pay for all store colleagues
M&S has announced it has increased its hourly pay to £10 for all store colleagues across the UK as part of a broader reward package. Set to take place from the beginning of April, over 40,000 colleagues will see their base rate of pay increase by 50p an hour from…
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16 FebruaryClothing & Shoes
Shaftesbury announces partnership for London Fashion Week
Shaftesbury has announced it has partnered with the British Fashion Council for London Fashion Week in a bid to boost its retail tenants. As part of the partnership, a host of Carnaby and Soho retailers and restaurants will be offering “exclusive” perks, in-store events, activations, and specially designed cocktails and…
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15 FebruaryClothing & Shoes
Universal Works debuts London showroom
Universal Works, the Nottingham-based fashion brand, has announced it has launched its first dedicated showroom in the heart of London’s Camden Town, in a commercial property deal advised on by local law firm Nelsons. Along with three standalone stores, the team has now taken on a space at Holborn’s Emerald…
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15 FebruaryHigh Street
UK footfall rises for fifth consecutive week
Across UK retail destinations, footfall rose by +2.2% last week from the week before, with increases in each of the three destination types, according to Springboard. Footfall rose in all types of town centres, with the largest rise of +7.1% in regional cities outside of London versus +3.3% in Central…
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8 FebruaryClothing & Shoes
NICCE to open first physical store in spring
Nicce has announced the opening of its flagship store on Carnaby Street in spring 2022, marking the first physical flagship store for the brand. The London store comprises 1,400 square feet of space spanning across two floors, and the space will reportedly host a variety of events and customer activations,…
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8 FebruaryClothing & Shoes
Frasers Group to open new Sports Direct flagship in Manchester
Mike Ashley’s Frasers Group has unveiled plans to open a 50,000sq. ft Sports Direct flagship in Manchester city centre, as part of the group’s strategic flagship roll out. The store will open in The Arndale shopping centre in late 2022 and will house Sports Direct, USC, Evans Cycles and Game…
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7 FebruaryClothing & Shoes
Abercrombie & Fitch’s Gilly Hicks to debut its first UK store
Shaftesbury has announced the opening of Gilly Hicks’ first UK standalone store on 39 Carnaby Street, which is set to open in spring. Gilly Hicks is a brand in the Abercrombie and Fitch Co. portfolio that offers underwear, loungewear and activewear, and the announcement comes as the company is reintroducing…
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4 FebruaryHigh Street
West End footfall resurges as Plan B is scrapped
London’s West End has welcomed a “promising” boost to its footfall in the first full week following the end of Plan B restrictions. Weekend footfall reached the highest level since November 2021, hitting 79% of pre-pandemic levels. It was also up by 11% against the previous weekend as more consumers…
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