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- 2021 -27 MayHigh Street
LCP acquires Trafford shopping parade for £9.5m
LCP has announced that it has signed a new deal to acquire a shopping parade in Trafford for almost £9.5m on behalf of Sheet Anchor Investments, one of the group’s managed companies. The centre has 21 retail units and is anchored including Sainsbury’s, Aldi, Costa Coffee, Iceland and Boots. In…
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24 MayDepartment Stores
John Lewis chair calls for rates rethink to help ‘level’ up retail
John Lewis chair Sharon White has called for chancellor Rishi Sunak to scrap the business rates system in favour of a new land tax which could help “level up” the playing field when it comes to physical and online retail. Speaking to The Telegraph, White said that reform is needed…
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Apr- 2021 -13 AprilClothing & Shoes
Boohoo acquires new office in Soho for £72m
Boohoo has announced that it has acquired a new office in Soho for the group’s London-based brands for £72m. The new office is intended to become home for all London-based product, marketing, technology and central support teams, offering flexible working for approximately 600 employees. The news follows the retailer’s recent…
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12 AprilAnalysis
How John Lewis plans to bounce back
In 2007, upmarket retail giant John Lewis revealed plans for an ambitious expansion scheme, which aimed to double the size of its business. At the time, the company only had 26 sites across the UK and the £700m investment was created to increase its high street presence: bringing a further…
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12 AprilDepartment Stores
John Lewis to suspend store closures
John Lewis has confirmed that it has no plans to close any further stores, according to The Times. Executive director Pippa Wicks insisted the chain will not close any more shops and defended its strategy to date, following news that eight John Lewis sites would not reopen post-lockdown. According to…
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12 AprilClothing & Shoes
Homebase announces Next partnership
Homebase has announced a new partnership with Next in which its gardening products will be brought to selection of the retailers stores. The partnership will see six Homebase garden centres open in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield Next stores. Homebase is also set to open more of its…
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9 AprilClothing & Shoes
Boohoo continues expansion with new warehouse deal
Boohoo has announced that following an exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, in a bid to fuel further growth for the group. The site is due to become operational in the second quarter of the retailer’s financial year, and forms part…
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Mar- 2021 -24 MarchDepartment Stores
John Lewis to close eight stores placing 1,465 jobs at risk
The John Lewis Partnership has announced that it will not reopen eight of its 42 John Lewis shops from lockdown, putting 1,465 jobs at risk. The eight shops identified for closure include four ‘At Home’ shops in Ashford, Basingstoke, Chester and Tunbridge Wells and four department stores in Aberdeen, Peterborough,…
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16 MarchHigh Street
Thorntons to close all 61 UK sites, 600 jobs at risk
Chocolate maker Thorntons has announced it is to close all 61 of its UK stores, placing over 600 jobs at risk. Announcing the decision on its website, it said the decision comes as it has been “operating for a long time in a tough and challenging retail environment”. It cited…
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Feb- 2021 -19 FebruaryProperty
NewRiver JV with Bravo Strategies acquires The Moor
NewRiver has announced its joint venture with Bravo Strategies has exchanged contracts to acquire retail estate The Moor from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for a total consideration of £41m. The Moor estate, which is located in Sheffield city centre, is close…
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