M&S has unveiled a major realignment of its senior leadership team with CEO Steve Rowe making the changes after saying the firm has finished the ‘Fixing the Basics’ part of its strategy and is ready for the next step.
Landsec is “poised for recovery” after the toughest of trading years, the UK landlord said in its annual results statement on Tuesday. And that recovery won’t include its retail park portfolio, which is to be sold.
Great to be back. Shoppers in Northern Ireland showed just how much the end of the lockdown meant over the May Bank Holiday weekend with over 136,000 visiting the Rushmere Shopping Centre in Craigavon.
The large number of empty stores in the UK means more initiatives are being launched to make the most of these spaces with news of two drives to plug the gaps. The latest are from Pop-Up Club and Fassion.
Footfall in UK retail destinations rose a modest 0.5% last week, despite continuing poor weather. And that albeit mildly positive number was driven by a stronger showing across high streets, particularly in London.
There’s a heap of consumer cash waiting to be spent -- £40 billion to be precise. That’s the amount of lockdown savings Britons are only too willing to splurge in the post-Covid economic recovery, research has found.
Addington Capital is out to help investors and landowners “redress the balance in our tired retail spaces and town centres”. So the property investment and management group has signed regeneration expert Nigel Turner.
Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall.
A growing number of fashion brands and retailers are switching from traditional clearance channels to its premium e-commerce marketplace for fashion and beauty, Secret Sales claims after its first year in business.
Independent lifestyle brand Oliver Bonas is to open its first store in Essex, with the 78-store retailer securing a 1,788 square foot regional flagship at Aquila Holdings-owned and operated Bond Street mall in Chelmsford.