New figures have shown that UK retail footfall rose by 11.6% last week on the previous seven day period as retail destinations benefited from people taking holidays in the UK during half term. The data from retail specialist Springboard reveals that footfall in high streets jumped by 17.4% while shopping centres...
Japanese fashion brand Onitsuka Tiger has chosen London’s Regent Street for the opening of its biggest store to date. Situated close to Oxford Circus at 249-251 Regent Street, the shop is the company’s first in the world to offer the entire Onitsuka Tiger collection in a single establishment. The 9,300 square...
Grosvenor Britain & Ireland has made its first equity investment in an occupier by acquiring a minority stake in the Roland Mouret luxury fashion brand. The investment has been made through Grosvenor’s Tenant Investment Fund which was established last year. Grosvenor said the acquisition will support avenues for growth such as...
B&M saw its group statutory pre-tax profit climb by 108.5% to £525.4 million in the year to 27 March. Group revenues increased by 25.9% to £4.8 billion after like-for-like sales at B&M UK stores rose by 23.8%. Group adjusted EBITDA growth was also strong at 83%. Meanwhile, B&M’s Babou business in...
Supreme has opened its first store in Italy in the Brera shopping district of Milan. Situated in a corner unit on Corsa Garibaldi, the 1,080 square foot space features six floor to ceiling windows, walls decorated with murals designed by US pop artist Nate Lowman and sculptures by Mark Gonzales. Selling Supreme’s...
America's second largest burger chain is returning to the UK after 20 years with a promise to steal market share from rivals McDonald's and Burger King. Wendy's, famous for square burgers, plans to open up to 400 outlets nationwide creating at least 12,000 jobs, although that could take many years, it said....
Waitrose has announced that it is to create up to 400 jobs through the expansion of its Deliveroo service to 110 new shops across the UK. The move means the service will be operating in 150 Waitrose shops by the end of the summer and will take the number of people...
Sainsbury’s has posted a full year statutory pre-tax loss of £261 million after it incurred £485 million worth of Covid-19 related costs and sold less fuel during the pandemic. This was despite retail sales climbing by 7.8% to £28.8 billion when fuel was excluded. In the year to 6 March, grocery and...
Zara has launched its own cosmetics line called Zara Beauty. Available worldwide, the range is housed in its own section in-store and will also be sold online from 12 May in Europe, the US, Canada, China, South Korea, Japan, Mexico, Australia and New Zealand before gradually being rolled out elsewhere....
Online fashion retailer Boohoo has seen its full year pre-tax profit rise by 35% to £124.7 million after achieving strong revenue growth across all of its territories. In the year to 28 February, group revenue climbed by 41% to £1.745 billion as UK sales rose by 39%. International sales were also...
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