The Centre
This coverage examines retail activity and developments at The Centre, providing insights for UK retail executives, managers, and brand professionals. Reporting includes store openings and closures, investment and redevelopment projects, marketing initiatives, and the performance of retailers within this shopping destination. The analysis helps professionals assess opportunities, challenges, and consumer trends shaping The Centre’s retail environment.
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Jun- 2025 -5 JuneClothing & Shoes
Stradivarius to open first Glasgow store at Silverburn
Spanish fashion brand Stradivarius will open its first Glasgow store at Silverburn, joining a line-up of Inditex-owned retailers at the shopping centre. The brand, part of international fashion group Inditex, will occupy a 6,462 sq ft unit. Its arrival will bring the number of Inditex stores at Silverburn to four,…
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4 JuneClothing & Shoes
Nike appoints Michael Gonda as executive VP and CCO
Nike has announced that it has appointed Michael Gonda executive vice president and chief communications officer of Nike, effective 7 July, 2025. In this role, Gonda will lead the global communications organisation, overseeing all facets of the communications strategy, including storytelling, corporate and brand reputation, issues management, and employee engagement.…
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3 JuneProperty
Northern Ireland’s Abbey Centre sold to new owner for £59m
Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market deal for £58.8m. The 320,000 sq ft shopping centre, located six miles north of Belfast City Centre in Newtownabbey, houses over 70 shops and has a “strong” convenience offer, together…
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Jan- 2025 -2 January
Today’s news in brief-2/1/25
Lidl reported its best-ever Christmas performance, with turnover surpassing £1bn for the first time, a 7% increase over the four weeks to December 24, 2024. The retailer attracted over 2m additional customers, with December 23 marking its busiest day. Key contributors included the expansion of its British supply base by…
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2 JanuaryEconomy
Retail lost close to 13,500 stores in 2024, study finds
Nearly 13,500 shops shut for good in 2024, according to data from the Centre for Retail Research. This is a 28.4% increase on the 10,494 which closed in the calendar year of 2023. More than half of all stores closed, 7,537 in total, were closed through retailers undergoing some form…
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Feb- 2024 -1 FebruaryHigh Street
M Core acquires Princes Square in Glasgow
Commercial property and investment collective, M Core, has announced its acquisition of the Princes Square retail development in Glasgow city centre for an undisclosed sum. Princes Square, occupying a prime position on Buchanan Street, has been “widely acknowledged” as the UK’s best retail centre outside of London. The 118,625 sq…
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Nov- 2023 -20 NovemberNews
Today’s news in brief-20/11/23
Van hire firm Redde Northgate has reportedly approached Halfords with a proposed £1.3bn merger deal, indicating a nil-premium merger. Talks between the two companies took place, but Halfords reportedly deemed the offer as significantly undervaluing the business. Halfords, boasting nearly 400 stores and 650 garages, is valued at £512m, while…
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Oct- 2023 -11 OctoberFeatures
How much is the ‘tourist tax’ harming retailers
The Centre for Economics and Business Research has calculated that the “tourist tax” is costing the UK £10.7bn in lost GDP and deterring two million tourists from visiting the country per year. The report from the Centre for Economics and Business Research (CEBR) claims that the additional revenue generated by…
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Jun- 2022 -13 JuneEconomy
Almost 650,000 UK retail jobs lost since 2017
Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years, according to new figures from a study conducted by the Centre for Retail Research. The study found that 645,204 retail jobs have been lost and 72,570 shops were closed across the whole country in…
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Aug- 2021 -26 AugustClothing & Shoes
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take 17,500 sq ft of space with a trading space of 11,000 sq ft across two floors. The Centre, is a c.856,000 sq ft, 160-unit shopping centre in the Scottish town…
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