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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Feb- 2020 -20 FebruarySupermarkets
Lidl pledges £1.3bn to store expansion as it opens 800th UK site
Lidl has opened its 800th store in Great Britain today (20 February) and has pledged to invest over £1bn in store expansion over 2021 and 2022. The new milestone comes as the discounter will open stores in four new locations up and down the country, including Cambridge, London, Boston and…
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14 FebruaryAnalysis
German stagnation, Javid out, RBS gets environmental, Norton no-show
The German economy has stagnated due to significant falls in spending and exports. New figures show that GDP ‘flat lined’ (financial jargon for neither growing nor contracting) in the final quarter of 2019, bad news since economists and analysts had hoped that it would grow about 0.1%. It means Germany’s…
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Jan- 2020 -3 JanuaryClothing & Shoes
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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2 JanuaryHigh Street
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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Nov- 2019 -13 NovemberHigh Street
The Co-op to open seven new stores in Scotland
The Co-op has announced it is set to launch seven new stores in Scotland this month, as part of a £4.4m investment programme which will create 60 jobs. New Co-op’s will open their doors in Stornoway, Isle of Lewis and Stirling on 15 November and Edinburgh on 22 November. Galston,…
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8 NovemberDIY
Halfords acquires garage chain amid profit plunge
Halfords has announced the acquisition of garage chain McConechy’s Tyre Service after closing a deal worth around £9.3m. The deal, which will see Halfords acquire all 60 sites and 100 vans belonging to the independent chain, will now allow the retailer to operate in more than 900 service locations across…
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4 NovemberHigh Street
Sir Philip Green in talks with lenders to raise £300m before Christmas
Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in order to pay off the loan secured against Arcadia’s flagship Oxford Street Topshop store. According to the Sunday Times, to meet the repayment deadline next month Green is in talks…
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Oct- 2019 -1 OctoberAdvice
From clicks-to-bricks
2019 continues to be an extremely turbulent time for the retail sector. Barely a week goes by when we don’t hear of yet another, long-standing and well-established high street retailer beginning to crumble as it struggles to keep up with a number of online rivals. In fact, new figures released…
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Aug- 2019 -12 AugustAdvice
Calculating holiday pay correctly
We are now in the depths of summer and numerous employees are no doubt enjoying their annual leave entitlement to escape the typical British weather. But whilst their holidays are hopefully trouble-free, calculating holiday pay can be a tricky business. What happens when employers don’t get it right? Background As…
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11 AugustHigh Street
Amazon launches latest Clicks and Mortar store in Edinburgh
Small Business support network Enterprise Nation, in partnership with Amazon, Square and Direct Line for Business, have opened its third Clicks and Mortar pop-up shop in Waverley Mall, Edinburgh. The store will provide more than 20 online brands from across Scotland and the UK with the chance to meet customers,…
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