Tag Archives: Retail

Boxing Day Sales in London

Debenhams considers closing 10 stores under new turnaround strategy

Debenhams considers closing 10 stores under new turnaround strategy

Debenhams is considering closing 10 of its stores in a bid to cut costs and drive efficiency. The department store chain said it plans to review up to 10 of its 176 UK stores for closure over the next five years. A central distribution centre based in Northamptonshire and 10 smaller warehouses could also close

Signet Group plc

Signet appoints prominent judge to conduct independent review

Signet Jewelers Limited announced today that its new board committee, which is focused on ‘Respect in the Workplace’, has appointed a prominent judge to conduct an independent review of the company’s policies and practices regarding equal opportunity and workplace expectations. Former federal Judge Barbara S. Jones, a partner at Bracewell LLP, has been hired to

footfall

High streets report healthy footfall uplift over Easter weekend

Footfall increased by 1.2% on UK high streets over the Easter weekend to date (Good Friday to Easter Sunday). The positive results are welcomed by the retail industry following the first uplift in footfall in March [+1.3%] since August last year. Despite overall UK footfall being down -2.0% for Good Friday to Easter Sunday, retailers

LONDON, ENGLAND - SEPTEMBER 22:  Shoppers walk along New Bond Street in Mayfair which is the most expensive avenue in Europe for retail rents on September 22, 2010 in London, England. Findings from retail estate agents claim that over the past year rents on New Bond Street have risen to 536 GBP per square foot, exceeding that of the Champs-?lys?es in Paris. In comparison, New York's Fifth Avenue, which is the world's most expensive shopping street, has rents of approximately 1180 GBP per square foot.  (Photo by Oli Scarff/Getty Images)

Central London retail rents soar as demand grows for prime positions

Central London was the hottest retail market in Europe last year, with more store openings than in any other country. The cost of doing business in the capital soared, with business rates rising and rents increasing by 48% in 2016, according to a new report from global real estate advisors, Colliers International. It is the third

Summer Memory photo

Independent jeweller launches innovative summer campaign

Independent jewellery retailer Drakes has launched a Summer Memories campaign to capture the true essence of the season and encourage consumer interaction. From Thursday June 1, Drakes flagship store, located in the Drake Circus Shopping Centre in Plymouth’s City centre, will be covered in photos of their customers’ favourite Summer memories. From a camping trip

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Springboard forecasts positive trading over Easter weekend

Retail intelligence expert Springboard has forecast UK footfall to increase by 5.4% over the Easter weekend compared to the same trading dates last year. The forecast comes as Springboard announces UK retail footfall increased by 1.2% in March, year on year, breaking the six-month consecutive decline in what has been a challenging environment industry-wide. Springboard

paper-money-people

Clock starts ticking for jewellery retailers to publish gender pay gap data

New regulations that will require private sector employers to publish annual data on their gender pay gap have come into force. The rules – which will be enforced by the Equality and Human Rights Commission – require UK companies with 250 or more employees to provide data on their gender pay gap by April 2018.

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OPINON: Meeting international demand for British jewellery

International sales of luxury British brands and jewellery have been soaring as the pound falls. Georges Berzgal, vice president Europe, Pitney Bowes Ecommerce Group explores the emerging opportunities for high-end retailers. British luxury brands have long been sought after, but the market for high-end apparel, accessories and jewellery from the UK has grown amidst the

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