Watford
This coverage examines retail activity, store developments, and market trends in Watford, providing insight into the town’s role as a regional retail destination. Reporting highlights new openings, property investments, consumer behaviour, and economic factors shaping retail performance in the area. Retail executives, managers, and stakeholders can use this content to inform decisions on operations, expansion, and strategy in Watford.
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Feb- 2025 -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 FebruaryDIY
B&Q expands Deliveroo trial to five more London stores
B&Q has announced the expansion of its trial with Deliveroo, which means it now includes five of its larger London stores that offer more than 9,500 products for on-demand delivery. News comes after the service was initially announced from its high street B&Q Local stores in August 2024. The DIY…
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Sep- 2024 -23 SeptemberShopping Centres
SGS Group refinances four UK shopping centres
SGS Group has officially refinanced four major shopping centres – Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham and Braehead in Glasgow – following a £445m loan from OakNorth. The four shopping centres, which are spread across 4.6m sq ft, have a catchment population totalling 9.4m and boast…
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18 SeptemberClothing & Shoes
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27 January 2024, marking another year of record growth. The group also reported record revenues, which increased by 7% to £319.5m, with EBITDA rising 41% to £22.5m and operating profits rising…
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Jul- 2024 -24 JulyDIY
Tapi confirms Carpetright store closure locations
The full list of 218 Carpetright stores set to close following the company’s acquisition by Tapi has been confirmed. Tapi has acquired the company’s IP as well as two warehouses and 54 of its stores saving 308 jobs. However, the details of the deal mean that 1,018 jobs across the…
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Jun- 2024 -26 JuneNews
ProCook sees revenues and profits rise in FY24
ProCook has reported underlying PBT of £1m and total revenues of £62.6m, up 0.4% for the 52 weeks ended 31 March 2024. According to ProCook, this growth reflects improved gross margins and “strong cost discipline” despite significant inflationary cost pressures. Although LFL revenue decreased by 2.0% YoY, the group’s LFL…
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Feb- 2024 -6 FebruaryClothing & Shoes
Hobbs to open relocated stores after closure programme
Women’s clothing brand Hobbs is set to launch new stores in more favourable locations despite a string of closures, according to the Times. The group, which closed its London’s Bloomsbury, Victoria and Islington stores in recent weeks, will open in seven new locations confirmed for this year, including in Canary…
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Nov- 2023 -21 NovemberNews
Today’s news in brief-21/11/23
AO World has reported a significant turnaround in its financials for the six months ending September 30. The company posted a profit before tax of £13m, marking a notable improvement from the previous year’s loss of £12m. AO World has adjusted its profit guidance for the fiscal year, now anticipating…
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21 NovemberClothing & Shoes
Iconix acquires streetwear brand Hoodrich
Brand management company Iconix International Inc. has acquired majority ownership of British streetwear brand, Hoodrich, in partnership with founder Jay Williams, who will retain an ownership interest. The deal, for an undisclosed sum, is based on a “shared vision” that the brand is poised to accelerate its already rapid growth…
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Oct- 2023 -31 OctoberNews
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September, marking the lowest rate since August 2022. Non-food inflation also declined to 3.4%, the lowest since September 2022. Food inflation decelerated to 8.8%, and fresh food inflation decreased to 8.3%,…
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