UK shoppers plan to spend £8.4 billion on buying Christmas gifts from independent retailers, some £2 billion more that a year ago, new research from Direct Line business insurance shows. That's 28% of their budget.
How’s this for a positive trading statement opening: “Confidence, footfall, trading recovering; rebound in occupier demand driving vacancy down towards pre-pandemic levels; valuation recovery in second half”.
Spanish fashion retail giant Inditex said Tuesday Marta Ortega, the daughter of its founder, will take over as chairwoman in April with a new CEO, as a last step of a generational handover started a decade ago.
A good week-on-week gain, but still well below pre-pandemic numbers. That was Black Friday (26 November) shopper traffic numbers across the UK. Footfall was 35% higher week-on-week, but still down 23% on two years ago.
London West End footfall in the seven shopping days from 22-28 November inched up 2% week-on-week, and rose 11% over last year's Black Friday, latest figures from the New West End Company (NWEC) showed on Monday.
Major retail landlord Landsec has unveiled a new, “customer-centric approach” to accelerate its retail strategy. The Bluewater owner has a new retail structure to build "closer relationships with brand partners".
One way around the problems of product supply issues is to build your own logistics centres. That’s exactly what British Land is doing, planning to turn empty spaces across the UK into urban distribution sites.