The Government’s proposal to give struggling leisure and hospitality sectors a one-off grant of 6,000 pounds has left the retail industry cold. The 1 billion pound financial support scheme fails to support the retail industry as businesses continue to struggle in the wake of the Covid-19 pandemic. Experts were critical of the announcement as...
21 Dec 2021
Where are the all the Christmas shoppers? Presumably online, as the latest data from retail experts Springboard shows footfall over the pre-Christmas weekend plummeted 8.5 percent in Central London and -6.4 percent in cities outside of the capital. meaning that in high streets across the UK footfall declined -2.6 percent over pre-Christmas...
20 Dec 2021
Payment solutions firm Clearpay has announced that its in-store function is now available to UK customers at a number of retail stores throughout the country. Also known as Afterpay in the US and New Zealand, the ‘Buy Now, Pay Later’ provider is set to bring its virtual pay option just in time for the holiday season. The function will work...
4 Nov 2021
October’s footfall figures could spell a positive holiday season, as high street, shopping centres and retail parks was down -13.4 percent than in 2019, compared with -17.4 percent in September. Springboard’s monthly footfall figures are hugely encouraging and in line with the company’s forecast for Q4 of 2021. The final week of the month, which...
The UK’s high street fashion stores face 14.5 billion pounds in lost sales by 2025 due to a “dramatic shift” in consumer spending during the pandemic if changes are not made, according to new research. The pandemic has brought forward by three years the date when the UK’s online sales are expected to overtake in-store sales, according to...
2 Nov 2021
British retailer Marks and Spencer has revealed its new large scale store at Leamington Spa in Warwick, as a part of its mission to invest and renew within its target markets. Located at one of the five former Debenhams sites acquired by the retailer, the store includes a 12,500 square foot Foodhall, 130 seat cafe and an extensive selection of...
14 Oct 2021
UK retailers are facing a worker shortage as the number of job vacancies in the UK has hit a record high. The latest figures from the Office for National Statistics (ONS) showed vacancies soared to 1.1 million between July and September, the highest level since records began in 2001. The largest increase in vacancies was in the retail sector and...
13 Oct 2021
Fast fashion retailer H&M will be implementing a virtual in-store fitting feature into a select number of its German stores, in a technology partnership with NeXR Technologies SE and its Berlin-based innovation lab H&Mbeyond. Starting with a test phase of the application AvatarCloud Fashion, a Fusion 3 body scanner will be implemented into the...
1 Oct 2021
Despite the shortages of petrol and panic buying at supermarkets, the UK saw a rise in footfall across all retail destinations, according to the latest figures from Springboard. Visitor numbers were up 2.7 percent over last week, with high street seeing the biggest increase of 3,7 percent and shopping centres 2.3 percent. In central London,...
28 Sept 2021
British retailer Marks and Spencer has introduced its new autumn/winter campaign ‘Anything but Ordinary’, as part of the brand’s goal to refresh its image and reach new audiences. Alongside the campaign, the retailer has introduced a new collection complete with staple styles and seasonal products. A particular highlight, as noted by Marks and...
9 Sept 2021
Apparel and lifestyle retailer Banana Republic has revealed a new look for the brand, reminiscent of its global heritage and with the goal of transforming the label’s roots into a modern style. The 43 year old brand will be remodelling its customer experience, through updated apparel design, digital transformations and in-store upgrades. Its...
7 Sept 2021
Fashion retailer New Look announced it has selected Mike Coupe as its new non-executive chairman. Coupe will replace Alistair McGeorge, this September 29, who has been with the company for a total of seven years. McGeorge served as chairman from 2011 to 2014, returning to the company in 2017 as executive chairman. Early 2020, Alistair stepped...
6 Sept 2021
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