Tag Archives: High Street

Festive boost for UK retail dampened by Omicron

Footfall in December was clearly impacted by the rapid spread of the Omicron variant and the introduction of Plan B guidance by the government from the third week of the month, retail expert Springboard reports. This meant that the natural boost in shopper activity which typically occurs in the run-up to …

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2021 ends on a high as retailers experience rise in footfall on New Year’s Eve

According to retail experts Springboard, despite a footfall drop of -15% across all UK retail destinations last week versus the week before (the run-up to Christmas), things looked up for high streets on New Year’s Eve with a rise of +5.2% from the week before (Christmas Eve). This is a …

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Disappointing retail footfall as Covid nervousness grows

According to retail experts Springboard, although footfall across UK retail destinations rose by +5.5% last week from the week before, it ended with a disappointing performance, felt especially by large city centres, with footfall over the weekend declining by -8.5% in Central London and by -6.4% in cities outside of …

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Black Friday footfall up, but high street loses out to shopping centres

According to retail experts Springboard, footfall across UK retail destinations rose by +2% last week from the week before. However, this was driven by shopping centres, which increased by +6.5%, and retail parks, which increased by +4.9%, while footfall in high streets declined by -1.5%. The latest insight from Springboard …

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Games Workshop staff receive £5000 bonus each as full-year profits spike 69 per cent

A big spike in profit over the last year, confirmed plans to expand in China, and a bonus of £5,000 to each member of staff compound another successful end of year for the UK-based tabletop gaming brand, Games Workshop. In its trading update issued this week, the tabletop figures retailer …

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Freedom Day tipped to spark a nearly 20 per cent increase in high street footfall this week

Retail footfall is predicted to rise by 19.7 per cent this week, as shoppers take to high streets and towns now free of the remaining Covid-19 restrictions with face coverings and social distancing no longer mandatory in England. In the latest from the retail analysts, Springboard, footfall is tipped to …

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John Lewis reveals plans to cut 1,000 jobs amid cost saving and management restructure

The John Lewis Partnership is planning to cut 1,000 jobs across its John Lewis and Waitrose stores in a move to simplify its management structures and cut costs. The business’s owners have said they will aim to find new jobs for those losing their store management roles and would aim …

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UK government considering plans to increase business rates revaluations

The UK government has launched a consultation to consider plans to increase the frequency of business rates revaluations that could see them take place every three years rather than the current five year period. The consultation has been launched by the HM Treasury as part of the government’s wider review …

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UK retail profits could shrink by £8bn in next four years, says research

UK retailers could see profits fall by £8bn in the next four years, according to a new report from Alvarez & Marshal in partnership with Retail Economics, a direct result of the ‘seismic shift’ to ecommerce fuelled by the Covid-19 pandemic. In the report issued by the global services firm, …

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Maybe* Tech searches for Champions to build High Street Guide ahead of Independent’s Day UK

A new search has been launched by the team behind Local Rewards to find 3,600 people from around the UK interested in becoming the champions of their local high streets. Local Rewards is a free to access service that aims to help retailers in towns around the country recover from …

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