All articles by Hugh Radojev – Page 71
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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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NewsWalmart raises outlook as second-quarter sales surge
American giant Walmart has increased its full-year outlook for the second time this year as sales surged in the second quarter despite the effects of the Delta strain on consumer confidence.
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DataData: Grocery sales slip as customers enjoy lifting restrictions
Grocery sales continued to decline in August as customers returned to pubs, bars and restaurants.
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InterviewInterview: Eataly founder Oscar Farinetti on building the world’s first ‘green retail park’
Best known as the charismatic founder of dining and food retail chain Eataly, Oscar Farinetti talks to Retail Week about his newest, eco-friendly Green Pea format and calls on entrepreneurs and businesses to lead the sustainability charge.
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NewsTesco readies ‘just walk out’ tech at city-centre Express store
Tesco has refurbished its High Holborn Express store as the site of its first ‘just walk out’ branch open to public customers.
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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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NewsMorrisons to shut all stores on Boxing Day
Supermarket giant Morrisons will shut all of its nearly 500 stores over Boxing Day to reward the hard work of its more than 110,000 frontline staff this year.
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NewsAsda trials shop-in-shops for new start-up investment Lean Kitchen Network
Grocery giant Asda has invested in digital food service start-up Lean Kitchen Network (LKN) and unveiled plans for a four-store shop-in-shop trial, the latest in a string of partnerships designed to repurpose space in its stores.
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DataData: Online sales drop eases in July but decline continues
Online retail sales in July continued their declining trend seen throughout the summer, although the drop eased somewhat compared with previous months.
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NewsSingaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
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NewsMusic Magpie profits and sales soar following float
Music Magpie has reported strong growth in profits and sales following its recent float on London’s junior market, with chief executive Steve Oliver hailing a “landmark period” for the retailer.
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NewsWalmart to sell tech and logistics services to third-party retailers
Walmart is to start selling its technology and logistics capabilities to smaller retailers as it seeks out fresh revenue streams in the wake of the Covid-19 pandemic.
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NewsMorrisons’ largest shareholder hits out at Fortress takeover bid
Morrisons’ largest shareholder Silchester International has refused to give its backing to a £6.3bn takeover by US private equity firm Fortress.
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NewsLVMH sales soar as luxury goods come roaring out of pandemic
Luxury goods conglomerate LVMH has steamed ahead in its second quarter, driven by soaring sales of Louis Vuitton handbags and Moët & Chandon champagne.
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NewsTesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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NewsMoonpig sales and profits soar in first full-year results since float
Pureplay greeting card specialist Moonpig has reported soaring sales and profits in its first set of full-year results since its IPO.
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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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AnalysisThe Disruptors: The businesses revolutionising retail property
The latest instalment of Retail Week’s Disruptors series shines a spotlight on some of the businesses reimagining bricks-and-mortar for a post-pandemic world.