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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May- 2023 -2 MayHigh Street
Bank holiday sees footfall rise 12.9%
The bank holiday weekend saw footfall ramp up “significantly” from Friday onwards, with an increase in footfall over Saturday and Sunday of +12.9% from the week before last, according to mRI Springboard. The average week on week % change from Sunday to Thursday was only +0.9%, but averaged +10.3% over…
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Oct- 2022 -24 OctoberGovernment
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…
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Aug- 2022 -22 AugustNews
M&S rejects complaints for Oxford Street redevelopment
Marks and Spencer (M&S) has reportedly addressed complaints surrounding its Oxford Street redevelopment plans by pledging that 95% of the materials in the existing Marble Arch building will be recovered, recycled or reused, amid opposition to plans to flatten the shop. According to the Guardian, the retailer has promised that…
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Jun- 2022 -22 JuneSupermarkets
M&S criticises gov decision on new Marble Arch store
Marks and Spencer has criticised the decision by Secretary of State Michael Gove to hold a public enquiry on the proposed redevelopment of its Marble Arch store on London’s Oxford Street. The retailer has been hoping to demolish the site and replace it with a larger 10-story retail and office…
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Apr- 2022 -26 AprilNews
The pursuit of pop-ups
“Since reopening, retail sales have shown a ‘mixed bag’ of results. While the reopening of physical stores was unquestionably positive for the sector, there are still substantial operating costs associated with reopening which will be affecting retailer margins,” said the British estate agency, Savills. Savills made the comments as the…
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20 AprilNews
M&S’ Oxford Street demolition blocked by Government
Marks and Spencer’s (M&S) plans for the demolition of its Marble Arch flagship on Oxford Street has been paused by Michael Gove so that ministers can scrutinise the plans. According to the Evening Standard, the communities secretary blocked the plans using an Article 31 holding direction, meaning the local authority…
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12 AprilNews
Westminster City Council creates pop-up boutique for 12 independent businesses
Westminster City Council has created a pop-up boutique for 12 emerging independent businesses, giving them the opportunity to be part of the West End’s retail offer. It revealed this is in collaboration with Heart of London Business Alliance, GPE, and Appear Here. According to the council, It is taking over…
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4 AprilDepartment Stores
Demolition plans for M&S flagship site to be reconsidered
Sadiq Khan is reportedly reconsidering previous plans to demolish Marks and Spencer’s flagship store on Oxford Street following ongoing backlash over the decision. According to Architects Journal, City Hall officials will now review proposals to demolish the site after they initially decided “not to intervene” in the application. Simon Sturgis,…
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Dec- 2021 -13 DecemberDIY
Dunelm signs £185m credit deal linked to sustainability
Dunelm Group plc has announced the signing of a £185m sustainability-linked unsecured revolving credit facility (“RCF”). It revealed the deal is signed from banks, Barclays Bank PLC, Lloyds Bank Plc, National Westminster Bank PLC, Banco Santander, S.A., London Branch and Credit Industriel et Commercial. The facility has an initial term…
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Aug- 2021 -27 AugustSupermarkets
Man charged with food contamination at London grocery stores
A 37-year old man has been charged with contaminating or interfering with goods with intent at three supermarkets in West London. Leoaai Elghareeb, from Fulham, will appear at Westminster Magistrates’ Court today (27 August). Police said the charges relate to an incident which occured on the evening of Wednesday 25…
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