All High street & town centre articles – Page 11
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DataData: Fall in shop prices slows as supply chain disruption begins to bite
While shop prices fell in the month of August, deflation eased for the period as experts warned of looming inflation due to wider macroeconomic issues, such as the ongoing supply chain issues.
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NewsEG Group profits and sales soar as it eyes Leon expansion
EG Group has reported soaring profits and sales for its second quarter, driven by strong trading in its grocery branch and the continued growth of its foodservice arm.
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AnalysisTourism to localism – how retailers in prime cities are shifting strategies
Following the lifting of Covid-19 restrictions, “freedom” may have arrived in the UK – but tourists have not. Indeed, it could take years for the volume of visitors, particularly those from Asia, to return to pre-pandemic levels. So how can prime cities like London adapt and innovate to win more spend from domestic consumers?
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AnalysisAnalysis: What lessons can be learned from the Westfield Croydon debacle?
After the best part of a decade of promises and planning both Westfield and Hammerson pulled the plug on the planned redevelopment of Croydon’s Whitgift Centre. What does the news mean for the future of the shopping centre and what lessons can be learned from the project’s demise?
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NewsExclusive: Boxpark founder pledges to step in to save Croydon redevelopment
Boxpark founder Roger Wade has expressed interest in forming a consortium to save the redevelopment of Croydon after Westfield and Hammerson walked away from the town centre.
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NewsCouncil left scrambling as landlords walk away from Croydon Westfield dream
Local authority plans to regenerate Croydon have been thrown into chaos after Unibail-Rodamco-Westfield and Hammerson walked away from the Centrale & Whitgift Centre.
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NewsPret a Manger staff considering strike action over pay cuts
Pret a Manger staff are reportedly considering strike action after the food-to-go chain permanently slashed pay despite easing coronavirus restrictions.
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NewsData: ‘Pingdemic’ hits footfall after short-lived ‘freedom day’ boost
Footfall over the month of July was down compared with June due to changeable weather conditions and an increase in the number of people being told to self-isolate.
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DataData: Shop vacancies ‘at highest rate ever recorded’ as uncertainty lingers
The overall store vacancy rate across the UK increased in the second quarter of 2021 despite the lifting of coronavirus restrictions as retailers continued to struggle with the ongoing uncertainty.
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NewsSuperdry snaps up former Forever 21 Oxford Street store as new flagship
Superdry has agreed the lease of the former Forever 21 store on Oxford Street, with the retailer’s chief executive expressing confidence in the West End’s post-Covid recovery.
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DataData: Majority of shoppers to keep wearing masks after ‘freedom day’
England finds itself in uncharted territory with the pandemic. Despite surging Covid-19 cases, the government has pressed ahead with ‘freedom day’ – with all legal coronavirus restrictions lifted.
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NewsBRC warns of high street labour shortages as 20% of shopworkers in isolation
The retail and hospitality sectors have both recorded high levels of worker absenteeism.
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DataData: Footfall in June stagnates as ‘freedom day’ pushed to July
The pushing back of the final relaxing of social-distancing measures and unseasonably wet weather combined to slow footfall recovery across the UK.
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DataRising prices on the horizon as retailers face increased disruption
Retail prices fell slightly faster in June compared with May, but this trend is not expected to last as retailers battle rising costs.
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NewsGovernment opens business rates revaluation consultation
The government is seeking input on its plans to increase the regularity of business rates revaluations.
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NewsBroadgate retail offering boosted by Lewis Hamilton-backed vegan restaurant
British Land’s Broadgate site has been given a fresh retail boost with the announcement of four new lettings, including a plant-based burger restaurant backed by Lewis Hamilton.
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NewsGovernment gives retailers stay of execution with rent moratorium extension
The government has extended the commercial rent moratorium, preventing landlords from evicting tenants for failing to pay rent for another nine months.
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NewsRetailers urge the government to extend credit insurance scheme
UK retailers are calling on the government to extend the scheme that guarantees trade credit insurance amid fears they could be unsupported when it ends.
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NewsCBI urges government to extend support for businesses struggling to pay rent
The Confederation of British Industry (CBI) has urged the government to extend the moratorium on commercial evictions for businesses below 30% of normal levels.
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DataData: Oxford Street – Europe’s hardest hit high street by Covid
New data has found that of Europe’s six biggest retail high streets, Oxford Street has suffered the most from lost footfall and consumer spend.