Westminster
This coverage examines the retail environment and commercial developments in Westminster, highlighting store openings, closures, local economic influences, planning decisions, and regeneration projects that impact the area. Reporting is tailored for retail professionals overseeing operations, property, and strategy in one of London’s most prominent retail and business districts.
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Feb- 2025 -28 FebruaryGovernment
London Mayor launches proposal to pedestrianise Oxford Street
The Mayor of London Sadiq Khan has today (28 February) launched a public consultation on proposals to pedestrianise Oxford Street. Oxford Street is an area of critical national economic importance, with an estimated annual contribution to London’s economy of £25bn in 2022. But the area has suffered in recent years…
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Jan- 2025 -8 JanuaryFeatures
Revitalising London’s high streets: a BID’s vision for retail
The significance of bricks-and-mortar experiences remains paramount. Steve Medway, CEO of Knightsbridge Partnership and King’s Road Partnership, two Business Improvement Districts (BIDs), is reshaping some of London’s most iconic areas. With decades of experience in retail and BID management, Medway shares valuable insights into the challenges, strategies, and future of…
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Dec- 2024 -6 DecemberNews
M&S gets go ahead for Marble Arch redevelopment site
Marks and Spencer has been given the green light for the redevelopment of the M&S store at Marble Arch. After a three-year battle, deputy prime minister Angela Rayner has approved the plans for the retailer to rebuild the store after they were initially submitted to Westminster City Council in 2021. …
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2 DecemberNews
Co-op extends £400m sustainability-linked revolving credit facility
Co-op has announced the extension of its £400m sustainability-linked revolving credit facility for a further five years until November 2029. The extension underlines the supermarket’s commitment to a sustainable future and aligns with its sustainability and social goals targets initiated within the original facility agreement. The revolving credit facility provides…
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Sep- 2024 -17 SeptemberGovernment
Sadiq Khan unveils plans to pedestrianise Oxford Street
The mayor of London, Sadiq Khan has again set out proposals to transform Oxford Street, including turning the road into a traffic-free pedestrianised avenue, in a bid to make it the “leading retail destination in the world.” The mayor has previously tried to implement major changes to Oxford Street, but…
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Jul- 2024 -24 JulyHigh Street
NI retail staff and employers call for shop worker protection
Usdaw and employers’ organisation Northern Ireland Retail Consortium (NIRC) have jointly called for urgent action to protect retail workers from violence and abuse, amid a recent “epidemic” in retail crime. The call comes as recently recorded crime statistics from the Police Service of Northern Ireland (PSNI) show that shoplifting had more…
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Mar- 2024 -1 MarchNews
Oxford Street revamp to deliver £2.8bn in sales by 2033
The upcoming £90m Oxford Street Programme is set to deliver up to £2.8bn in total additional sales to the West End between 2027-2033, New West End Company has revealed. The significant public and private investment into Oxford Street’s public realm coincides with a wider evolution in mix across the street,…
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Feb- 2024 -16 FebruaryHigh Street
NWEC calls for return to tax-free shopping as tourist spending gap widens
The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number of international visitors in London and the spending associated with them widened in the final quarter of last year. According to the latest figures released by NWEC, despite a recovery…
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Jan- 2024 -8 JanuaryNews
Today’s news in brief-8/1/24
The UK retail sector faced challenges as almost 120,000 jobs were lost and over 10,000 stores closed, according to data from the Centre for Retail Research. Despite a -38.8% decrease in store closures compared to 2022, and a -21.3% reduction in redundancies, the improvement is seen as “less bad” rather…
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8 JanuaryHigh Street
£90m Oxford Street revamp project to begin in autumn
Westminster City Council has greenlit the £90m renovation of Oxford Street and has set to move the programme forward with construction due to start in autumn 2024. The news comes after the council received positive feedback from more than 1,600 people in the borough, as well as support for all…
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