All High street & town centre articles – Page 11
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Analysis
The Big Question: Will Oxford Street regeneration plans revive retail’s fortunes?
Earlier this week, Westminster City Council unveiled a £150m strategy to revamp Oxford Street
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News
Next boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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Opinion
The Keynote: High streets – the radical rethink needed to build back better
The closure of Debenhams and Arcadia stores has once more thrust the health of high streets and town centres into the spotlight.
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News
Oxford Street plans climbable hill to lure shoppers back to district
Westminster City Council has unveiled plans to build a 25-metre tall climbable hill overlooking Marble Arch in a bid to lure shoppers back to Oxford Street once lockdown ends.
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Opinion
‘Topshop’s Oxford Street flagship should be on Asos’ wish list’
When Asos revealed it had won the battle for the jewel in Arcadia’s crown – Topshop, along with Topman, Miss Selfridge and HIIT activewear – a big question mark was raised over the fate of the retailer’s 214 Oxford Street flagship store.
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News
Alarm sounded over hit to high streets from residential developments
Relaxed rules on the conversion of commercial property to housing could threaten the health of town centres, the government has been warned.
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Data
Data: Shoppers most excited to return to Primark after lockdown
Consumers feel more comfortable now about returning to stores than they did last May, exclusive research for Retail Week has shown, and shoppers are most excited to return to Primark.
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News
Record spending spree to reignite economy post-pandemic, says BoE
The economy could hit pre-pandemic levels in early 2022 if households start spending the £125bn in pent-up savings once the vaccine is rolled out, according to the Bank of England.
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News
Retail footfall slides in January amid UK's third lockdown
Retail footfall dropped in January across all destinations as the UK went into lockdown for the third time since the outbreak of the coronavirus pandemic.
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News
Joules interim sales and profits slip as chief financial officer departs
Fashion retailer Joules has blamed store closures due to coronavirus for falling sales and profits on the day it announced its chief financial officer would be stepping down.
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Data
Data: The full impact of Covid-19 on retail footfall in 2020
Springboard has published its annual footfall review for 2020 and the figures drive home the catastrophic effect coronavirus had on all retail venues.
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Opinion
Jace Tyrrell: ‘Oxford Street will recover, but it needs to evolve to prosper’
Reports of the death of Oxford Street, and the UK high street more generally, have been greatly exaggerated. But to ensure its future, the district must look to diversify its retail offering in order to truly thrive.
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News
Waterstones boss warns store closures loom without further rates relief
Waterstones boss James Daunt has warned that without either an extension to the business rates holiday or other reforms before April, he could be forced to close stores.
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Analysis
Will more retailers ditch Oxford Street?
While the famous shopping destination was already facing headwinds, the coronavirus crisis has been a perfect storm for Oxford Street. The question is whether retailers will hang around to pick up the pieces or abandon it altogether.
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News
Next emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.
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Opinion
Peter Williams: ‘The pressure is on for fewer but better stores’
After the experience of the last 10 months, do we really need shops any more? Perhaps we should start by reflecting on how they were created and why we started going to them in the first place.
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Opinion
‘As Debenhams exits, Oxford Street must learn from Paris’ radical reinvention’
Another one bites the dust.
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News
Data: Coronavirus restrictions lead to record low retail spend in 2020
The effects of the coronavirus pandemic and associated restrictions on the retail sector have been laid bare, with customer spending across the year down to record lows.
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Opinion
‘Act now and act decisively, chancellor – our high streets depend on it’
“The end is in sight,” Rishi Sunak declared this morning as he set out a new package of measures to support businesses through the latest painful phase of the coronavirus crisis – a third national lockdown.
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News
Chancellor offers non-essential retailers grants for closed stores
Chancellor Rishi Sunak has announced new support measures, including grants of up to £9,000 per closed store to non-essential retailers, following the announcement of a third national lockdown.