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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Oct- 2024 -4 OctoberNews
UK footfall jumps 3.3% in September
UK footfall has risen by 3.3% in September, up from 0.4% in August, as shopper numbers return to increase for the first time in over a year. According to the BRC, retail parks enjoyed the biggest boost with a 7.3% increase during the month, up from 2.6% in August. Shopping…
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Sep- 2024 -30 SeptemberHigh Street
Dreams sales jump 2.2% amid record store investment
Dreams has revealed turnover increased by 2.2% to £395.4m for the 52 weeks ending December 2023, following a period of record investment in store expansion and refits and upgrading its technology system. The specialist bed retailer said the performance was underpinned by 4.4% orders like-for-like (LFL) growth and continuous market…
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17 SeptemberNews
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s interim results for the half-year ending June 30, 2024, which showed a 1.6% rise in adjusted EBITDA despite a 3.6% decline in year-on-year sales. THG Ingenuity saw a notable 12.6%…
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17 SeptemberHigh Street
Pret A Manger FY global sales hit £1.1bn for first time
Pret A Manger has reported a 10% increase in first-half sales to £569m, whilst also revealing that global sales hit £1.1bn for FY23 for the first time, following its expansion into overseas markets. Pret confirmed that it achieved its medium-term growth target during FY23, which was set in 2021. The…
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Aug- 2024 -30 AugustSupermarkets
Sainsbury’s acquires 10 Homebase stores
Sainsbury’s has announced that it has acquired 10 stores from HHGL Limited, trading as Homebase, for conversion into Sainsbury’s supermarkets. The acquired stores are in key target locations that will grow Sainsbury’s supermarket coverage across England, Northern Ireland and Scotland. Once they are converted, the shop floor area of the…
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28 AugustNews
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Baker’s e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 AugustClothing & Shoes
Moss opens in Caledonia Park
Menswear brand Moss has opened a new shop at Scotland’s designer outlet village Caledonia Park. The brand, which recently dropped “Bros” from its branding, has opened a 2,984 sq ft unit at the shopping destination, bringing its full ready-to-wear collection of tailoring and casualwear to the outlet. An expert team…
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2 AugustHigh Street
Footfall falls for 12th consecutive month
Total UK footfall decreased by 3.3% in July (YoY), down from -2.3% in June, marking the 12 consecutive month of decline. It comes as high street footfall actually increased by 2.7% in July (YoY), up from -3.1% in June. However this was offset as retail Park footfall decreased by 0.8%…
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2 AugustNews
Network Rail retail sales jump 12.6% in Q4
Network Rail retail sales have increased 12.6% in Q4 across the portfolio of 19 managed stations throughout Great Britain. During the same quarter, the British Retail Consortium (BRC) tracked 2% growth in like-for-like sales highlighting a strong performance at Network Rail destinations. Great British Railways Transition Team (GBRTT) figures show…
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Jul- 2024 -25 JulyHigh Street
Majestic strengthens store portfolio amid £1m investment
Wine retailer Majestic has opened two brand new stores in the South East of England and completed two major refurbishments in the Midlands and Scotland within one week thanks to a £1m investment. It comes as the business reaffirms its commitment to experiential bricks-and-mortar stores through its efforts to expand…
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