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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Mar- 2025 -26 MarchClothing & Shoes
Uniqlo’s popularity with Gen-Z boosts FY profits by 57% to €221.7m
Uniqlo’s European operations has seen its profits jump by 57.5% to €221.7m (£185.4m) in the year to 31 August 2024, thanks to the retailer’s popularity with Gen-Z shoppers. Turnover at the Japanese clothing retailer has continued to increase year-on-year by 30%, meaning that its gross profit margin has been maintained…
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21 MarchEconomy
London’s store closures return to pre-pandemic levels for first time
Five stores closed each day in Greater London in 2024, with four new stores opening, according to the latest data from PwC – resulting in net closures of one store per day. The bi-annual report using data from Green Street, tracks over 200,000 chain outlets in over 3,500 locations to…
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7 MarchNews-In-Brief
Today’s news in brief-7/3/25
Walgreens Boots Alliance (WBA) has agreed to be acquired by private equity firm Sycamore Partners in a deal worth £23.7bn. The transaction is expected to close in late 2025 and will see WBA become a private company, delisting from Nasdaq.WBA shareholders will receive $11.45 per share in cash, with potential…
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7 MarchHigh Street
Retail parks lead the way as footfall sees small bounce in February
UK footfall edged up 0.2% in February as the performance from UK retail parks helped footfall increase for the second consecutive month, according to the latest BRC-Sensormatic data. Footfall increased by 0.1% at UK high streets, down from 4.5% in January, while Shopping Centre footfall increased by 0.1% in February…
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Feb- 2025 -24 FebruaryClothing & Shoes
Bershka and Pull&Bear to open at Glasgow’s Silverburn
Bershka and Pull&Bear have selected retail and leisure destination Silverburn to open their first Glasgow stores. Bershka will take the current Zara space, which will open a much larger store in the former Debenhams unit, as announced last year. Pull&Bear is taking the former Topshop store, between Mango and River…
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24 FebruaryPeople Moves
Eldon Square appoints new centre director
Eldon Square, the shopping and leisure destination in Newcastle, has appointed Helen Cowie as centre director. As the investment programme in Eldon Square continues with several arrivals set to open this year including Next, River Island, Flight Club and Freight Island, it said Cowie will bring over 30 years of…
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4 FebruaryNews-In-Brief
Today’s news in brief-4/2/25
Shein’s planned £50bn London IPO is under threat due to potential US tariff reforms and ongoing allegations of forced labor in its supply chain. Former President Donald Trump’s proposal to eliminate the ‘de minimis’ tax rule—which allows duty-free imports of small packages under $800 from China, Canada, and Mexico—could significantly…
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4 FebruaryClothing & Shoes
Mango to open 20 new UK stores in 2025
Mango has announced that it is aiming to open 20 new UK stores in 2025 as part of its 2024-2026 Strategic Plan. The plan will concentrate in London, with six openings, as well as central England, Scotland, Northern Ireland and the arrival in Cardiff. One of the company’s six openings…
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Jan- 2025 -29 JanuaryShopping Centres
Caledonia Park sees 8% footfall increase in 2024
Scotland’s designer outlet village Caledonia Park experienced a “record-breaking” year thanks to an 8% increase in its footfall in 2024. Standout categories included health and beauty, which saw a sales growth of 26%, as well as F&B which grew by 16%. Black Friday weekend was also “particularly successful” for the…
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29 JanuaryHigh Street
Lloyds Banking Group to close 136 branches in further blow to UK high street
Lloyds Banking Group is reportedly set to close another 136 of its branches as it aims to adapt to customers’ shifting preferences for online banking, in what is another blow to the UK high street, according to the Financial Times. Reports suggest the group will close 61 Lloyds branches, 61…
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