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Hammerson to sell entire portfolio of UK retail parks

British property giant Hammerson is selling all seven of its retail parks to Canadian investment firm Brookfield in a move that concludes its exit from the UK retail parks sector. The deal is worth 330 million pounds, eight percent lower than the December 31 2020 book value of 357 million pounds. As previously announced, Hammerson has also...

17 hours ago

Retail

London Designer Outlet sees strong sales as consumers flock back to stores

London Designer Outlet (LDO) has reported strong sales and footfall since reopening last week in line with the easing of lockdown restrictions in England. Total sales at the shopping destination were 148 percent higher last week than they were during the first week of the June 2020 reopening. Sales were also higher than they were on the...

18 hours ago

Retail

Hammerson collects less than half of rent owed

British property giant Hammerson has collected less than half of net rental income due in the second quarter of the year. At group level, 40 percent of rent due has been received to date, with the UK collecting 48 percent, France 23 percent, and Ireland 34 percent. An aggregate 46 percent of H1 2021 rent due has been collected. The company said...

21 Apr 2021

Retail

How fashion brands can navigate post-Covid recovery

Shopping has changed drastically over the last year. Shop closures - most temporary, but others permanent - have seen fashion customers flock to e-commerce and online marketplaces. Brands and retailers have followed consumers, establishing and expanding their presence on channels such as Zalando. With the most stringent lockdown restrictions...

20 Apr 2021

Retail

In Italy, 70,000 stores at risk of closing

The heart of Italy’s fashion sector is its once thriving independent retail businesses, where boutiques in even the remotest village offer the latest fashions and a unique mix of multi-brands. But one year into the pandemic the devastating impact of store closures and restrictions see Italian retailers dealing with one of the highest closure...

20 Apr 2021

Retail

John Lewis begins renovating façade of Peter Jones store in Chelsea

Work has begun on the façade of John Lewis’ Peter Jones store in Chelsea. The new work includes a renovation of the curved glass façade, ground floor store windows, entrances and canopy. It also includes a new, larger, more accessible entrance to the shop on King’s Road and a light installation that will be responsive to the environment. John...

20 Apr 2021

Retail

Armani opens store at Braintree Village

Italian luxury label Armani has opened its first outlet in Essex at Braintree Village. The 1,889 square foot store is situated next to Polo Ralph Lauren and joins other brands at the shopping destination including Calvin Klein, Tommy Hilfiger, and Timberland. It marks the first new signing at Braintree Village in 2021, following the addition of...

20 Apr 2021

Retail

Saadia Group launches Lord & Taylor digital

The Saadia Group has launched famed American brand and former department store Lord & Taylor as a digital Collective Store. The new partnership promises exclusive collaborations and merchandise to bring Lord & Taylor’s 195 year heritage to a new generation. As America’s first and oldest department store, Lord & Taylor has a serious history with...

18 Apr 2021

Retail

H&M launches suit rental service

H&M has launched a new initiative expected to help gentleman on the job hunt called Its One/Second/Suit, a new suit rental service. Customers can rent a suit completely free for 24 hours. The company conducted researched that revealed that in one second potential employers assess a candidate based on first impressions. H&M launched this service...

17 Apr 2021

Retail

Womenswear designers Isabel Manns and Taylor Yates to open London pop-up

British womenswear designers Isabel Manns and Taylor Yates are opening a London pop-up store next Monday at 96 Marylebone High Street with Maryle Village. Isabel Manns describes itself as a conscious fashion brand “marrying innovation and creativity with sustainability”. The label centres around three key pillars: reversibility, sustainability...

16 Apr 2021

Retail

Online retail orders drop 12 percent as physical stores reopen

Online retail orders fell 12 percent in the UK the week non-essential retailers in England and Wales were allowed to reopen, new data reveals. The biggest drops were seen across fashion, footwear and health and beauty, according to the latest figures from e-commerce specialists Salesfire, which compared data from Tuesday 6 April and Tuesday 13...

16 Apr 2021

Retail

Non-essential retailers in Northern Ireland to reopen on April 30

Northern Ireland has announced that non-essential retailers will be allowed to reopen from April 30 as part of the country’s easing of lockdown restrictions. Retailers in the country have been closed since the end of trading on Christmas Eve as part of what was then planned to be a six-week lockdown, but was extended multiple times. Northern...

16 Apr 2021