Scotland
This coverage explores retail developments and economic conditions across Scotland, featuring reporting on store openings and closures, regional sales trends, employment challenges, and policy decisions affecting the sector. Insights are tailored for retail managers and executives seeking to understand the specific dynamics shaping retail operations in Scottish markets.
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Aug- 2022 -1 AugustHigh Street
Shop vacancies fall for third quarter in a row
In the second quarter of 2022, the overall GB vacancy rate decreased to 14.0%, which was 0.1 percentage points better than Q1 and 0.5 percentage points better than the same period last year, according to the BRC. This was the third consecutive quarter of falling vacancy rates. All locations saw…
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Jul- 2022 -18 JulyHigh Street
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard. However, high streets in coastal towns have seen a surge of footfall, rising by 9.0%. The largest drop was seen in greater London, which was down -13% across high streets…
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11 JulyProperty
Lush to further retail investment by £7.6m
Lush has revealed its plans for a retail investment increase of £7.6m, which is to be allocated to growing shops, relocations and redesigns across the UK, Ireland and Europe. The news follows after the British cosmetics company agreed last week on a new 15-year lease on 98 Buchanan Street, in…
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8 JulySupermarkets
Asda launches £1 meal charge for children
Asda has unveiled what it calls its “strongest ever initiative” to help feed children amid the cost of living crisis, which will see children across Scotland and Northern Ireland eat for only £1 at any time of day in Asda Cafés, seven days a week, with no minimum adult spend…
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4 JulySupermarkets
Supermarket Income acquires four supermarkets in £82.9 deal
Supermarket Income REIT plc, a real estate investment trust, has announced it has acquired two supermarket sites for a total purchase price of £82.9m. The company has purchased a Tesco superstore, Marks and Spencer Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7…
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Jun- 2022 -27 JuneHigh Street
Braehead unveils host of new brands
Braehead, the retail and leisure destination, has announced a string of new openings at the shopping centre which are set to open this summer. Jewellery retailer Lovisa is set to open in the summer with a 780 square feet unit, and Suit Direct, the menswear retailer, has also signed on…
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24 JuneOnline & Digital
Spar launches new partnership with Deliveroo
Spar UK has announced its new partnership deal with Deliveroo, covering all 2,160 Spar stores in England, Scotland and Wales. This new partnership will “provide shoppers with more choice and access to essential items from Spar stores nationwide, delivered to their door by Deliveroo in as little as 20 minutes”.…
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21 JuneHigh Street
Rail strikes represent ‘another blow’ for Scottish wholesalers
National rail strikes this week are set to represent ‘another blow’ for Scotland’s retailers and wholesalers. Nearly 90% of ScotRail services will be cancelled on Tuesday 21, Thursday 23 and Saturday 25 June, with city centre venues set to bear the brunt of the knock-on impact of the strikes. Nathan…
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13 JuneSupermarkets
Morrisons lines up £600m warehouses sale
Morrisons’ private equity owner, Clayton Dubilier and Rice (CD&R), is reportedly scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth over £600m. According to The Times, the American private equity company is mulling a sale-and-leaseback transaction in a bid to power…
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10 JuneSupermarkets
Morrisons welcomes CMA’s green light for CD&R takeover
Morrisons welcomed the announcement today by the Competition and Markets Authority (CMA) that it has accepted the undertakings given by CD&R in relation to its acquisition of Morrisons. The regulator gave the takeover the green light for the £7bn takeover after agreeing to CD&R’s offer to sell a number of…
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