In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
Footfall across UK destinations rose by a meagre 0.9% week-on-week in the last seven days (11-17 July). But expect footfall to jump almost 20% this 'Freedom Week' across the country, predicts Springboard.
Two pieces of good news for Monday. Consumers are now the most eager they’ve been to spend in 13 years, and consumer confidence is at its strongest since the end of 2019. That’s according to PwC and Deloitte surveys.
One of the key malls in the former Intu portfolio -- Birmingham’s Merry Hill — is to see big investment from new operator Ellandi to make it a more compelling destination and one that's future-proofed.
The UK government has launched a new long-term strategy to “evolve and regenerate” England’s battered high streets. It wants to turn them into “thriving places to work, visit and live… breathing life into town centres”.
Yet more positive news on commercial landlord rent collection and UK retail performance. Hammerson, the owner/operator of the Bullring & Grand Central in Birmingham, said footfall trends “remain encouraging”.
As so-called Freedom day approaches on Monday, there’s still a certain amount of nervousness among retailers in England (and their customers) over the ending of the legal requirement to wear face coverings in-store.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.