The chief executive of Build-A-Bear Workshop has apologised for a one-day sales event that sparked anger, massive crowds and safety concerns at stores across the world. Speaking to the NBC Today show in the US, Sharon Price John said the problems caused by the Pay Your Age promotional event was “heartbreaking” and that the retailer would extend a sale through the summer.
Bricks-and-mortar retailing can no longer be the anchor for high streets, an influential independent review has revealed. The review, conducted by a team led by retail expert Bill Grimsey, said high streets must instead become community hubs that include housing, offices and some shops
Poundworld founder Chris Edwards has reiterated his desire to safeguard more than half of the retailer’s stores and staff members, but warned administrators that they must act fast if they were to agree a rescue deal. In a statement circulated today, Edwards confirmed that he was looking at keeping 186 Poundworld stores open, saving approximately 3000 jobs. READ MORE: Poundworld staff given free sandwiches ahead of store closures Poundworld denied £4.1m business rates lifeline before collapse Poundworld begins closing down sale with no buyer in sight Poundworld: What went wrong (Part I) Poundworld: What went wrong (Part II) He said that despite contacting administrators from Deloitte four weeks ago, his team were only given access to Poundworld’s Normanton headquarters in the last few days to assess stock levels
Retail properties helped the Crown Estate bring in £329.4 million for the Treasury coffers last year, amid what it described as a “challenging and uncertain market”. The royal family’s commercial property arm, which owns large swathes of retail property across the country, said income was up four per cent compared with last year on a like-for-like basis. It said its retail lettings in central London was one of the factors that helped drive this
Appear Here has been in New York for a year now and is preparing to expand across the country.
The venture capitalist pointed to empty storefronts and the country's worsening drug epidemic as evidence of communities breaking down — a trend he said Amazon only advances.
A brand inspired by the Southern lifestyle is planting its flag across the country.
British Land is set to complete a £96 million purchase of Royal Victoria shopping centre in Tunbridge Wells. The property giant has exchanged contracts with Hermes Investment Management to purchase the 300,000sq ft shopping centre, which has been owned by that latter since 2012
A new study has found that independent store openings have grown in all but two regions of the UK as major chains continued to face challenges and general decline. According to data from online retailer OnBuy, which analysed where chain stores have declined in comparison to areas independent stores opened, the North West, West Midlands and Scotland had the highest rate of independent store openings in UK in 2017 – with 230, 194 and 114 independent openings respectively.
Retail footfall continued to fall year-on-year in February across most retail destinations, even before the impact of the snow during the last two weeks. According to the latest Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard covering January 28 to February 24, year-on-year, footfall decreased by 0.5 per cent. While it is a slowdown compared to the one per cent growth seen in the same period last year, the decline was still less than a third of that recorded in January, lower than the three-month average of -2 per cent decline, and lower that the 12 month average of -0.7 per cent