All High street & town centre articles – Page 19
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NewsRetail footfall climbs in February with lockdown end in sight
Footfall across all retail destinations rose between January and February this year, as customers flocked back to stores in anticipation of the easing of lockdown restrictions.
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AnalysisThe Big Question: Will raising rates on warehouses really save the high street?
After chancellor Rishi Sunak delayed the findings of the Treasury’s business rates review until the autumn, we ask experts whether the proposal from Dixons Carphone boss Alex Baldock and Next chief executive Lord Wolfson to increase rates paid by warehouses is the way to revamp the system
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InterviewInterview: Ikea UK boss Peter Jelkeby – stepping up sustainability and taking on the high street
Ikea’s UK boss Peter Jelkeby on stepping up sustainability and taking on the high street.
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DataRanking: The UK’s 50 most vibrant retail locations
Coronavirus has wreaked havoc on the ranking of retail’s most vibrant shopping locations, with a swing away from city centres and towards smaller commuter towns in 2021.
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NewsJohn Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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AnalysisThe Big Question: Will Oxford Street regeneration plans revive retail’s fortunes?
Earlier this week, Westminster City Council unveiled a £150m strategy to revamp Oxford Street
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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OpinionThe Keynote: High streets – the radical rethink needed to build back better
The closure of Debenhams and Arcadia stores has once more thrust the health of high streets and town centres into the spotlight.
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NewsOxford Street plans climbable hill to lure shoppers back to district
Westminster City Council has unveiled plans to build a 25-metre tall climbable hill overlooking Marble Arch in a bid to lure shoppers back to Oxford Street once lockdown ends.
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Opinion‘Topshop’s Oxford Street flagship should be on Asos’ wish list’
When Asos revealed it had won the battle for the jewel in Arcadia’s crown – Topshop, along with Topman, Miss Selfridge and HIIT activewear – a big question mark was raised over the fate of the retailer’s 214 Oxford Street flagship store.
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NewsAlarm sounded over hit to high streets from residential developments
Relaxed rules on the conversion of commercial property to housing could threaten the health of town centres, the government has been warned.
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DataData: Shoppers most excited to return to Primark after lockdown
Consumers feel more comfortable now about returning to stores than they did last May, exclusive research for Retail Week has shown, and shoppers are most excited to return to Primark.
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NewsRecord spending spree to reignite economy post-pandemic, says BoE
The economy could hit pre-pandemic levels in early 2022 if households start spending the £125bn in pent-up savings once the vaccine is rolled out, according to the Bank of England.
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NewsRetail footfall slides in January amid UK's third lockdown
Retail footfall dropped in January across all destinations as the UK went into lockdown for the third time since the outbreak of the coronavirus pandemic.
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NewsJoules interim sales and profits slip as chief financial officer departs
Fashion retailer Joules has blamed store closures due to coronavirus for falling sales and profits on the day it announced its chief financial officer would be stepping down.
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DataData: The full impact of Covid-19 on retail footfall in 2020
Springboard has published its annual footfall review for 2020 and the figures drive home the catastrophic effect coronavirus had on all retail venues.
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OpinionJace Tyrrell: ‘Oxford Street will recover, but it needs to evolve to prosper’
Reports of the death of Oxford Street, and the UK high street more generally, have been greatly exaggerated. But to ensure its future, the district must look to diversify its retail offering in order to truly thrive.
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NewsWaterstones boss warns store closures loom without further rates relief
Waterstones boss James Daunt has warned that without either an extension to the business rates holiday or other reforms before April, he could be forced to close stores.
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AnalysisWill more retailers ditch Oxford Street?
While the famous shopping destination was already facing headwinds, the coronavirus crisis has been a perfect storm for Oxford Street. The question is whether retailers will hang around to pick up the pieces or abandon it altogether.
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NewsNext emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.