Gymshark to open first physical store on Regent St December 1, 2021 Online clothing retailer Gymshark has announced plans for its first physical store on Regent St, London. The fitness apparel firm will open its first physical bricks-and-mortar site at 165 Regent St, which boasts 180,000 square feet. The firm is eyeing an initial public offering over the next few years after racking at 17m customers across [...]
Government’s green homes grant dubbed ‘slam dunk fail’ December 1, 2021 The government’s green homes grant voucher scheme has been slammed as a failure after upgrading only 7.9 per cent of homes envisaged. The scheme, which offers to cover up to two-thirds of the cost of home improvements with a government contribution cap of £5,000, upgraded just 47,500 homes. It had envisioned upgrades to 600,000 homes. [...]
London lags behind country on house price growth December 1, 2021 London is still playing catch up to the rest of the country on house price growth, Rightmove data revealed today. The national average price of property is set to rise 5 per cent next year, thanks to the ongoing trends of fierce buyer demand and low stock levels. However, the London market will grow at [...]
West End landlord Shaftesbury posts smaller annual loss thanks to retail rebound November 30, 2021 West End commercial landlord Shaftesbury posted a smaller annual loss thanks to its hospitality and retail firm tenants rebounding after lockdown. “There has been great progress on Shaftesbury’s road to recovery in recent months,” chief executive officer Brian Bickell said in a statement yesterday. However, he cautioned that there was “still further to travel before [...]
Fashion dynasty: Founder’s daughter to take over as Zara chair November 30, 2021 The daughter of the founder of fashion chain Inditex is set to become the group’s chairwoman and head brands including Zara and Bershka. Marta Ortega is to replace Pablo Isla on 1 April, who has been chairman of Inditex since 2011, while Oscar Garcia Maceiras will become the CEO of Inditex immediately. “We think that [...]
Treatt exceeds estimations after supplying ingredients for canned cocktails November 30, 2021 Ingredient manufacturer Treatt has exceeded its board’s financial expectations, citing growth in canned cocktails. In full year results to 30 September, Treatt reported profit before tax and exceptional items up 41.3 per cent to £20.9m. It said it had benefited from the growth of ready-to-drink cocktails, such as the natural lime extract in brands’ gin [...]
Marston’s revenue sinks as ‘worst of pandemic now behind us’ November 30, 2021 Pub company Marston’s reported depleted revenue for the financial year but said trading momentum had rebuilt since the easing of lockdown measures. Total pub revenue for the year was £402m, down 22 per cent on last year, which the operator said was a result of Covid trading disruptions. Andrew Andrea, CEO said: “While there are [...]
Topps Tiles reports soaring retail sales thanks to new products November 30, 2021 Topps Tiles has declared a record year of revenue despite lockdown restrictions earlier this year. In results for the 53 weeks ended 2 October, the group posted retail like-for-like sales up 19.6 per cent. “We believe this performance underlines the strength of our strategy and the success of new initiatives including the expansion of our [...]
Shop staff wary of abuse as mandatory mask rules return November 29, 2021 Retail voices have said shop staff must not be expected to be put in harm’s way as compulsory mask rules make a return tomorrow. Londoners will be legally required to wear a mask in shops and on public transport once more from tomorrow, in a bid to prevent the spread of the new Omicron Covid [...]
Cyber Monday ‘huge success’ for retailers as payments up compared to lockdown shopping November 29, 2021 Cyber Monday was deemed a big win for retailers after the volume of payments increased compared to last year’s shopping bonanza. The volume of payments rose 16.7 per cent compared to the same period on Cyber Monday 2020, according to live data from Barclaycard Payments. So far today, there has been a 4.5 per cent [...]
