At last, some much-needed good news for UK retailers. Footfall rose 5.4% week-on-week across all UK retail destinations in the seven days to 3 December, said Springboard. Increases were seen across all key destinations.
Amazon, M&S and Adidas have emerged strongly from the newly-launched Retail Performance Index compiled by agency VCCP. It’s based on a survey of 3,000 consumers and looks at strength in “the buying moment”.
Carnaby is a major year-round draw for London visitors and shoppers, but it takes on an added significance during its renowned Christmas installations. And this year's lights celebrate moments from the past 25 years.
When pure retail just isn’t enough. John Lewis Partnership is branching out into the UK’s growing ‘built-to-rent’ property market, converting parts of its Waitrose supermarket spaces into residential apartments.
Oxford Street’s status as one of London’s (and Britain’s and Europe’s) key shopping attractions could be at risk. The profile of its tenants is changing with 1 million sq ft of former retail space to be lost to offices.
After pulling out of a deal to buy a minority stake, an administration filing and TFG having looked like it would win the prize, Next has emerged victorious in the race to buy the failed-but-still-popular Joules.
Despite a much-needed boost from Black Friday, November’s retail footfall numbers across the UK fell from October “as consumers continue to hold out for cheaper discounts at the end of December", says Springboard.
The fact that Black Friday weekend was better than predicted means it's easy to overlook exactly how consumers shopped, rather than just how much they spent. But a new report says the period was all about m-commerce.