London

Over 30,000 retailers in ‘significant financial distress’ at end of Q2

Over 30,000 retailers were found to be in “significant financial distress” at the end of June 2018, according to research…

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Poundworld distribution centres for the chopping block

The administrators of Poundworld, Deloitte, have announced that the retailer’s distribution centre operations will be closing on Friday 20 July.…

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Store closures lead to slump in demand for retail space

New research has found that 70% of chartered surveyors in London saw a notable slump in demand for retail space…

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Retail centre ‘to rival Bicester Village’ planned for The O2

Crosstree Retail Estate Partners and AEG Europe have announced a new 85-store retail centre to rival Bicester Village will open…

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Asda plunges 261 Enfield warehouse jobs into uncertainty

Asda has announced it has proposed to shutter its Enfield warehouse which would result in cutting 261 roles. The supermarket…

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The Works to open 50 stores per year and plans to IPO

Discount retailer The Works has unveiled plans to float on the London Stock Exchange and open 50 new stores each…

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Bumper June footfall sees record increase of 11.4%

UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4% increase in high street traffic compared…

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The end of the high street as we know it?

A week doesn’t go by without another retailer hitting the headlines. M&S, Poundworld, Carphone Warehouse, Mothercare and House of Fraser…

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Alternative Oxford Street ‘transformation’ announced

Westminster City Council has announced plans to “transform” – though not necessarily fully pedestrianise – Oxford Street after scrapping the…

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UK Treasury rejects retailers’ business rates reform calls

The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level…

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