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Retail

UK retailers boosted by Black Friday footfall

The Black Friday bonanza expected by retailers saw a significant uptick in footfall according to data from retail experts Springboard. The high street and retail parks were popular (11.3 percent and 7.1 percent respectively) but shopping centres saw the biggest rise in footfall with 16.8 percent. The shopping event, which has expanded from the...

Nov 28, 2022

Retail

New York’s Fifth Avenue is the world’s most expensive retail street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...

Nov 28, 2022

Retail

Primark to invest 140 million pounds in its UK store portfolio

Affordable fashion chain Primark is upgrading its UK retail portfolio, stating it will invest 140 million pounds over the next two years. The Dublin-based company said it would open at least four new stores in Bury St Edmunds, Craigavon, Salisbury and Teesside Park in addition to planned upgrades and refurbishments across its UK stores....

Nov 25, 2022

Retail

How to turn Black Friday into Take Back Friday

While many brands and retailers are pulling out all the stops on Black Friday to sell, sell, sell, there are some that use the day to reverse sales by either stopping sales activities, enabling re-commerce or taking back old merchandise for recycling. FashionUnited has highlighted some of them for those wanting alternatives to spending and...

Nov 23, 2022

RetailFeatured

UK consumers to cut back spending this Christmas

Nearly half (43 percent) of UK consumers expect to spend less this Christmas, according to EY’s latest ‘Future Consumer Index,’ as the cost-of-living crisis intensifies. The research, which surveyed more than 1,000 UK consumers between September 23 to October 14, found that falling consumer confidence due to the cost-of-living crisis will have...

Nov 23, 2022

Retail

Eurofund Group to enter the Italian market

Eurofund Group, the investment and development company with retail projects in the UK, Spain, and Portugal, is entering the Italian market after agreeing to acquire Parma Retail, located in Parma, Northern Italy. Parma Retail, located just over three miles from the city centre of Parma, has a gross leasable area (GLA) of around 430,500 square...

Nov 23, 2022

RetailFeatured

Fashion brands boycott Black Friday discounting

While some reports are forecasting retail sales will hit 8.71 billion pounds over Black Friday weekend as consumers shop early for Christmas, several fashion brands are boycotting this year’s discounting event in favour of championing sustainability, resale, and charity. Black Friday officially takes place on November 25, and while many...

Nov 22, 2022

Retail

Black Friday footfall in UK expected to be 12.8 percent higher this year

UK retailers could be in stall for a jump in footfall this year despite the cost-of-living crisis. Footfall is expected to be 12.8 percent above last year’s levels across all UK retail destinations, according to figures from Springboard. It comes as shoppers are expected to seek out high discounts to offset soaring inflation. Despite that jump,...

Nov 21, 2022

Retail

Study finds over half of Brits believe shopping online is cheaper than in-person

A new study by business consultancy Caci has found that over half of British shoppers believe that shopping online is cheaper than physical retail, a behaviour the firm believes is set to have an impact on shopping this peak season. In a survey conducted by the agency, 56 percent of respondents had perceived online as cheaper, while 36 percent...

Nov 21, 2022

Retail

Mango opens first ‘New Med’ concept store in Asia as part of growth in region

As part of its new store opening in Singapore, Spanish retailer Mango has debuted its ‘New Med’ concept for the first time in Asia, as it continues to follow through on its international expansion. The new 500 square metre space adds to its growth in the region, with it now operating 10 stores in Singapore following a number of openings in April...

Nov 21, 2022

Retail

H&M ‘quietly’ closes one in five UK stores to cut costs

Retail chain H&M has reportedly closed one in five of its UK-based stores as it looks to cut costs across the group. According to The Mail on Sunday, the fashion giant has closed 56 stores over the last few years, leaving the brand with 192 outlets in the region. It joins a number of other retailers that have announced they would be slashing...

Nov 21, 2022

Retail

H&M opens new evolving store experience in Brooklyn

Fast fashion retailer H&M has unveiled a new store experience in Williamsburg, Brooklyn, based around the heritage of the surrounding neighbourhood. Set to continue its tenure through January 2024, the 7,000 square foot space will feature a curated collection of the brand’s styles alongside exclusive programming and ‘brand moments’ in a space...

Nov 21, 2022