Retail may have had it tough in recent years, with lots of negative headlines. But a new report says it's turning out to be the most resilient real estate asset class this year, enjoying major investment.
Just how major the changes have been on Britain's high streets after two years of lockdowns and trading restrictions can be seen in a new report, with department stores and fashion retail hit the hardest.
More than half of Chinese say they will put off travel abroad, for periods from several months to more than a year, even if borders re-opened tomorrow, a sign that consumer recovery from Covid-19 measures will take time.
Carnaby is a major year-round draw for London visitors and shoppers, but it takes on an added significance during its renowned Christmas installations. And this year's lights celebrate moments from the past 25 years.
At last, some much-needed good news for UK retailers. Footfall rose 5.4% week-on-week across all UK retail destinations in the seven days to 3 December, said Springboard. Increases were seen across all key destinations.
Amazon, M&S and Adidas have emerged strongly from the newly-launched Retail Performance Index compiled by agency VCCP. It’s based on a survey of 3,000 consumers and looks at strength in “the buying moment”.
When pure retail just isn’t enough. John Lewis Partnership is branching out into the UK’s growing ‘built-to-rent’ property market, converting parts of its Waitrose supermarket spaces into residential apartments.
Oxford Street’s status as one of London’s (and Britain’s and Europe’s) key shopping attractions could be at risk. The profile of its tenants is changing with 1 million sq ft of former retail space to be lost to offices.