Manchester
This coverage highlights retail activity, trends, and developments in Manchester, a key UK retail hub. Reporting includes store openings and closures, property developments, local economic impacts, retail performance data, and insights into regional strategies by national and independent brands. Tailored for executives and managers, it supports strategic planning for those engaged in retail operations and expansion in the North West.
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Apr- 2025 -4 AprilOnline & Digital
THG completes debt refinancing to 2029
Manchester-based online retailer THG has announced it has completed its debt refinancing arrangement up until December 2029. The news comes as THG revealed it has been undertaking a comprehensive refinancing exercise which includes a partial Amend and Extend of the Term Loan B to extend the maturity of €445m (£376.6m)…
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1 AprilNews-In-Brief
Today’s news in brief-1/4/25
Retailers are bracing for a £5.56bn rise in costs following the implementation of recent Budget measures, including higher National Insurance contributions and an increased minimum wage. According to Retail Economics, these changes will force businesses to absorb £1.76bn in profit losses while passing £1.72bn onto consumers through price hikes. Chancellor…
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1 AprilSupermarkets
Asda launches facial recognition trial in five stores
Asda has announced that it has begun trialling Live Facial Recognition in five of its stores in Greater Manchester. The supermarket is aiming to assess if this technology can be used to improve staff and customer safety in store. The technology is integrated into Asda’s existing CCTV network and works…
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1 AprilClothing & Shoes
M&S to invest £50m in North West stores
M&S has announced a £50m investment in stores across the North West of England for the year ahead, creating 300 jobs and 100,000 total new square footage across its store estate in the area. The investment is another step forward in M&S’s store renewal and rotation programme, focused on having…
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Mar- 2025 -27 MarchHigh Street
Campaign urges Next, M&S and JD Sports to pay real living wage
The likes of Axa and Scottish Widows are backing campaign group ShareAction in its effort to make major high street retailers such as Next, M&S and JD Sports increase their staff’s pay in line with a real living wage, The Guardian has reported. News of this initiative comes as there’s…
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24 MarchNews-In-Brief
Today’s news in brief-24/3/25
Harrods is nearing the finalisation of compensation payments for victims of sexual abuse by its former owner, Mohamed al Fayed, who died in 2023. According to draft terms seen by Sky News, some claimants could receive over £300k, depending on whether they opt for a psychiatric assessment. Those choosing the…
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24 MarchClothing & Shoes
In The Style owed more than £20m before rescue deal
In The Style had over £20m in debt when it was rescued following its collapse into administration, according to a new document filed at Companies House. The Manchester-based fashion brand was recently rescued by Alps Sourcing Limited, saving 87 jobs at the company. The brand was originally founded in 2013…
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21 MarchNews-In-Brief
Today’s news in brief-21/3/25
In The Style has been rescued from administration through a pre-pack sale to Alps Sourcing Limited, saving 87 jobs. The Manchester-based company, known for its celebrity-inspired high street fashion, had reached a peak valuation of £105m in 2021 following its AIM listing. However, financial struggles, including significant debt and cash…
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21 MarchClothing & Shoes
In The Style rescued from administration with Alps Sourcing deal
Online fashion retailer In The Style has been sold out of administration to Alps Sourcing Limited, saving 87 jobs in the UK. The pre-pack sale of the company was negotiated by Marco Piacquadio and Alan Coleman from FTS Recovery Limited, who were appointed as joint administrators on Monday 10 March. …
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17 MarchNews-In-Brief
Today’s news in brief-17/3/25
Fenwick, the family-owned retailer, is facing significant financial challenges, with pre-tax losses widening to £38.1m in the year to January 2024, up from £28.4m the previous year. The company has been operating at a loss for six years due to high inflation, increased costs, and tough market conditions. Despite efforts…
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