River Island
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Feb- 2025 -11 FebruaryNews-In-Brief
Today’s news in brief-11/2/25
Fast fashion giant Shein has scrapped plans to open a UK warehouse in the Midlands, initially intended to support its anticipated £50bn London Stock Exchange listing. The company had explored sites in Derby, Coventry, and other locations but confirmed no immediate need for a UK facility. The decision follows mounting…
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11 FebruaryPeople Moves
River Island chair to step down as Ben Lewis rejoins as CEO
The chair of River Island, Richard Bradbury, is stepping down from his role with immediate effect due to personal reasons, whilst Ben Lewis is set to rejoin the group as CEO. Bradbury rejoined the group in December 2022 as executive chair, having previously left the business in 2010. Lewis, whose uncle…
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6 FebruaryShopping Centres
Metrocentre sees 9.2% footfall increase in 2024
Metrocentre has announced a “record-breaking” year as it saw a 9.2% year-on-year footfall increase in 2024. During the year, the destination welcomed 15.8 million visitors, a 10% increase on 2023. Sales performance also surpassed the previous year by 5.3%, with F&B, sports fashion, and health and beauty experiencing the biggest…
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Jan- 2025 -24 JanuaryShopping Centres
Glasgow Fort sees 10% footfall increase in December
Glasgow Fort retail park has ended the year on a high, with December footfall increasing by 10.3% compared to the same period in 2023. The busiest trading day for the centre was Saturday 23 December, when Glasgow Fort welcomed 89,000 visitors, with footfall up 16% compared to the same date…
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22 JanuaryNews-In-Brief
Today’s news in brief-22/1/25
River Island has engaged AlixPartners to manage cost reductions ahead of impending tax hikes in April. Despite a £33.2m pre-tax loss and a 19% drop in turnover to £578.1m for 2023, the retailer plans no formal restructuring affecting its 250+ stores. Waterstones reported a substantial rise in pre-tax profits to…
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22 JanuaryClothing & Shoes
River Island drafts in AlixPartners to tighten costs
River Island has brought in AlixPartners to work on a cost reduction and profit improvement exercise ahead of the planned tax rises in April, according to reports from Sky News. Precise details of the exercise were not clear but is not believed to encompass formal restructuring work that could lead…
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7 JanuaryComment
Strategic market entry: when to follow and when to challenge
The decision of how to enter a new market represents one of the most critical strategic choices a retailer can make. While conventional wisdom often suggests avoiding direct competition with established market leaders, the reality is more nuanced. Success depends on carefully analysing market conditions and choosing an approach that…
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Nov- 2024 -27 NovemberNews
Reiss opens new store at Metrocentre
Reiss has announced the opening of its brand new store at Metrocentre shopping destination in Newcastle. The 3,933 sq ft store in lower Red Mall will stock the brand’s premium collection of fashion and wardrobe pieces. The store is also home to the region’s only Reiss childrenswear collection. In addition,…
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Oct- 2024 -31 OctoberClothing & Shoes
Reiss to open new store at Metrocentre
Reiss has announced that it will open a new location at Metrocentre shopping destination. The retailer will open a 3,933 sq ft space in Lower Red Mall in mid-November, stocking menswear, womenswear and accessories. Reiss will join an array of international retailers within this part of the destination, enhancing the…
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18 OctoberAdvice
Retail lessons from Shahnila Rashid: Topshop, TK Maxx, and beyond
From the rise of fast fashion to the digital disruption that has reshaped consumer behavior, Shahnila Rashid’s journey through the world of merchandising, buying, and retail strategy has provided her with unparalleled insights into both the triumphs and the challenges that come with the territory. Starting her career at Topshop,…
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