As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
The countdown has begun to the opening of London's repurposed Battersea Power Station.The official launch of the new retail, leisure and residential area will begin with a five-day ‘Festival of Power’ in October.
A key section of London’s South Molton Street is to be the subject of a major multi-million-pound upgrade. The South Molton Triangle remodel will be a venture between property giants Grosvenor and Mitsui Fudosan UK.
When Nigel Oddy joins up-for-sale Matalan on 3 October, the interim CEO will be expected to oversee an in-place growth strategy that’s already delivering results, with record revenues for fiscal 2023’s first half.
The UK retail euphoria around news that VAT-free shopping for tourists is returning and will include EU visitors has been tempered by suggestions it won’t happen until 2024. But retail is pushing for an earlier date.
The Christmas season should usually be the busiest period of the year for physical retailers — especially now, after several years affected by Covid. But this year might not be the bonanza stores hope for.
Retail sales volumes fell at a “considerable rate” in September after posting strong growth in August. What’s more the decline in sales is expected to continue next month, albeit at a slower pace, according to the CBI.
An already bruised consumer confidence took a further hit in September, tumbling to a new low.. And with the Bank of England now suggesting the UK has tipped into recession, expect further dips to come.
It’s not that long ago that Made.com seemed to be on a roll with the firm acquiring Trouva in the spring, a move that boosted Made’s presence in interiors but also gave it a foothold in the fashion sector.
In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.