Sheffield
This coverage reports on retail developments, trends, and business activity in Sheffield, providing insights into store openings and closures, regeneration projects, investment in shopping districts, and the performance of national and independent retailers in the area. Tailored for professionals assessing regional retail opportunities, property strategies, and high street resilience within a key UK city.
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May- 2024 -20 MayShopping Centres
British Land sells 50% Meadowhall stake for £360m
British Land has announced that it has sold its 50% stake in the Meadowhall shopping centre in Sheffield. The company has revealed it has sold its stake to Norges Bank Investment Management for £360m. This follows the sale of some ancillary land by the Joint Venture for £7m (British Land…
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8 MayClothing & Shoes
Boohoo losses hit £160m amid sales slump
Boohoo losses have widened to £159.9m in its full-year results, up from a previous loss of £90.7m, as revenues fell amid a challenging market backdrop over the period.In the year ended 29 February 2024, revenues fell by 17% to £1.46bn, down from £1.77bn the prior year. As well as difficult…
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Apr- 2024 -4 AprilPeople Moves
A.F. Blakemore appoints new chief people officer
A.F. Blakemore, one of the UK’s largest privately owned family businesses, has appointed Nicola McIntosh as its new chief people officer, effective 20 May. McIntosh joins the company from Rotherham, Doncaster, and South Humber NHS Trust, where she served as executive board director of People and Organisational Development. In this…
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Jan- 2024 -16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryShopping Centres
Mike Ashley considers Meadowhall shopping centre bid
Mike Ashley is reportedly considering a bid to acquire Meadowhall shopping centre in Sheffield, according to The Times. Frasers Group, majority owned by Ashley, is “one of a handful of parties” that have registered an interest in the shopping centre. British Land and Norges Bank put the 1.4m sq ft…
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9 JanuaryClothing & Shoes
Boohoo eyes closure of Leicester factory
Boohoo Group is looking to close its Thurmaston Lane factory in Leicester in favour of relocating its operations, Drapers has reported. The news comes after the online fashion retailer entered a consultation last month, which revealed that “less than 100” employees will be impacted at the so-called “model factory” in…
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8 JanuaryNews
Sandersons sales grow 5% to £7m in 2023
Sandersons Boutique Department Stores has reported a 5% retail sales growth in 2023 across the company’s three bricks and mortar stores and online, with a “strong” November and December. The independent department store chain has seen retail sales grow from £564k in 2016 to almost £7m in 2023, despite a…
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Nov- 2023 -27 NovemberNews
Made launches first store in Sheffield
Next has announced the opening of the first Made store, as it makes a return to the High Street. The new store opened its doors at Vulcan Road in Sheffield on Friday 24 November. Covering 4,000 sq.ft, the store will offer customers the opportunity to browse a range of design-led…
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Oct- 2023 -10 OctoberNews
Poundland to open nine more converted Wilko stores
Poundland has confirmed another nine former Wilko stores have been converted and will open their doors the upcoming weekend. The announcement comes after an additional 20 former Wilko stores had already opened as a Poundland in the past week. The English and Welsh Poundland stores that will open on Saturday…
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Sep- 2023 -26 SeptemberClothing & Shoes
Frasers opens new Flannels Nottingham store
Frasers Group has opened the doors to its latest Flannels store in Nottingham city centre. Frasers said it continues with the commitment to investing in retail and bringing “world-class” shopping destinations to new locations throughout the UK. Situated on Nottingham’s high street, the 15,000 sq. ft store will house two…
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