A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
A “strong peak performance” in Clothing & Footwear underpinned by rising demand its core strategic brands and a return to growth in active customer numbers were the key positives in a busy Q3 for N Brown.
A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.
Major British brands including Burberry, Marks & Spencer and John Lewis have signed up to support the Queen’s upcoming Platinum Jubilee as official partners of the Pageant on 5 June in celebration of her 70-year reign.
Tara Button, founder of sustainable retailer Buy Me Once, has launched a petition to challenge retailers who destroy or throw away good stock, calling for the introduction of a special tax and fines for past offences.
British Prime Minister Boris Johnson announced the end of Covid-19 measures introduced to curb the rapid spread of the Omicron variant in England as he looks to live with the virus after a peak in cases.
Early signs of the confidence shown by workers returning to their offices saw a boost for UK high street footfall in the latest week. Footfall across UK retail destinations rose 1.5%, according to Springboard.
Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.