All High street & town centre articles – Page 16
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DataData: Store vacancy rates plateau for the first time in three years
No retail locations saw an increase in vacancy rates in the third quarter of 2021 for the first time since 2018, though overall vacancies remain at record highs.
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News£100 contactless payment limit rolls out across UK
The spending limit on contactless payments has been increased to £100 from today, though some retailers have warned it could take months to update terminals.
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Retail VoiceCritical £5bn investment will cement West End’s place on global city league table
A financial boost will help central London businesses build back better, says Jace Tyrrell, chief executive of New West End Company.
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NewsRetailers issue fresh call to cut business rates to lessen high street woes
Retailers have banded together to urge chancellor Rishi Sunak to address business rates reform as British high streets struggle to survive.
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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NewsPrimark unveils latest sustainable and ethical trade pledges
Primark has vowed to make sustainable clothing affordable for all customers as it reveals its latest programme of sustainable commitments.
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DataData: Retail sales jump in August as customers return to office and social events
Retail sales climbed in August driven by strong formalwear sales as customers returned to the office and socialising.
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NewsNearly 50 high street stores shuttered per day in 2021
Over 8,700 chain stores have closed their doors across British shopping locations in the first half of this year.
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DataData: Footfall rebounds in August as staycations boost shopper numbers
Footfall in August improved by nearly a quarter, while the gap with pre-pandemic levels closed to less than 20% for the first time since the beginning of the crisis.
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InterviewInterview: Gail’s boss Tom Molnar on high street survival and sustainable sourdough
The chief executive of high street bakery chain Gail’s Tom Molnar explains how the business has survived the pandemic and how his love of surfing has informed his commitment to sustainability.
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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.