Portsmouth
This coverage explores retail developments and market trends in Portsmouth, providing insights for UK retail executives, managers, and brand professionals. Reporting includes store openings and closures, regeneration projects, investment activity, and the performance of key retailers in this coastal city. The analysis helps professionals evaluate opportunities, challenges, and consumer dynamics shaping the Portsmouth retail landscape.
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Aug- 2024 -7 AugustNews
Bensons for Beds acquires 19 Carpetright stores
Bensons for Beds has announced that it has successfully acquired 19 locations where Carpetright was previously trading. The locations include: Aberdeen, Ashton, Belfast, Canterbury, Edmonton, Exeter, Irvine, Kettering, Old Kent Road, Oldbury, Portsmouth, Salisbury, Slough, Sutton, Torquay, Bath, Eastbourne, Gillingham and Solihull. The bed specialist retailer now plans to start…
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Jul- 2024 -24 JulyDIY
Tapi confirms Carpetright store closure locations
The full list of 218 Carpetright stores set to close following the company’s acquisition by Tapi has been confirmed. Tapi has acquired the company’s IP as well as two warehouses and 54 of its stores saving 308 jobs. However, the details of the deal mean that 1,018 jobs across the…
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Jun- 2024 -11 JuneNews
Today’s news in brief-11/6/24
One in three Asda staff have reported being attacked at work, according to a survey conducted by the GMB union. The poll of nearly 1,000 Asda employees revealed incidents of being stabbed, punched, threatened with syringes, and other violent acts, including delivery drivers being chased by cars and confronted by…
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11 JuneProperty
Gunwharf Quays’ second phase of development receives greenlight
Planning permission for the second phase of Landsec’s £45m investment in Gunwharf Quays has been granted by Portsmouth City Council. The works will aim to give visitors an improved full day out experience at the waterfront outlet shopping destination. The new phase of the investment will focus on Marlborough Square,…
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Oct- 2023 -3 OctoberEconomy
Sustainable retail could boost local economies by £100m, Landsec finds
Brands in a sustainable retail destination could see revenues increase by up to 13% over the next 10 years, leading to a potential boost of up to £100m for local economies, Landsec research has found. According to the research, this would come from overall footfall for such destinations could see…
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Aug- 2023 -17 AugustDepartment Stores
Costco to open 14 new stores
Bargain retailer Costco is reportedly set to open 14 new stores across the UK, according to The Sun. The outlet revealed that the expansion plans are aiming to be completed in just two years but could take longer depending on how easily the company manages to acquire sites. The company…
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Jun- 2023 -21 JuneNews
Landsec announces retail investment plans
Landsec has announced plans to invest significantly in its prime retail destinations to further enhance its positive growth outlook. The investment include a £45m transformation plan at Gunwharf Quays that will improve the Portsmouth-based shopping outlet to create a more memorable experience for visitors and deliver more value for brand…
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Jan- 2022 -25 JanuaryOnline & Digital
Getir to create 6,000 UK jobs in 2022
Getir, a rapid grocery delivery app, reportedly expects to create up to 6,000 jobs in the UK this year alone. According to Sky News, the Turkey-based start-up has already created 4,000 jobs in the country, a figure that is expected to rise to 10,000 by the end of 2022. The…
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Jun- 2021 -11 JuneM&A
Wiggle acquired as part of $3.2bn deal
German online retail group Signa Sports United (SSU) has announced the acquisition of Portsmouth-based online bike retailer WiggleCRC, as part of a $3.2bn (£2.26bn) transaction with Yucaipa Acquisition Corporation. Through the deal, SSU will also acquire the Wiggle-owned Northern Irish retailer Chain Reaction Cycles. Upon completion of the combination with…
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May- 2021 -21 MayCoronavirus
Ikea and Primark most searched for brands since reopening, study finds
Ikea and Primark have been the most searched for brands following restrictions being lifted in April, according to new data from Dojo which has revealed the UK’s spending habits. The UK payment provider analysed Google search volumes to reveal the most in-demand brands post-lockdown, and which activities Brits were looking…
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