An online fashion retailer that specialises in luxury womenswear designers from Latin America is poised to open its first-ever shop in London. Blaiz will open its first permanent bricks-and-mortar shop amid the Sloane Stanley Estate at 227 King’s Road, Chelsea, following the success of their pop-up stores in the same location. The 2485sq ft store is due to open its doors in February.
In 2000 the number of 16-34-year olds who owned a house in the UK was 53 per cent, while the number of over 65s in the same position sat at 68 per cent. In 2016 this gap increased to 34 per cent and 77 per cent respectively.
Lidl is the latest grocer to have posted record sales over the Christmas period, as it continues its expansion programme across the UK. The German retailer said sales rose 16 per cent in December, and it also recorded its highest-ever footfall figures.
Lidl has announced plans to build its biggest warehouse in the UK yet, which will create 1000 new jobs and service stores across Greater London. The news comes after the German grocery chain exchanged contracts with the Houghton Regis Management Co on a 58-acre site in Luton. The new regional distribution centre, which will be approximately 1 million sq ft, will be double the size of any of Lidl’s other UK warehouses.
Luxury furniture retailer Warren Evans has put itself up for sale as it prepares to absorb millions in losses. Restructuring company Duff & Phelps has been drafted in to help with the sales process of the retailer’s 14 showrooms across London and southeast England.
The brand's London store is slated to close, with possibly more in coming months, Business of Fashion reports.
Jigsaw has reported a strong increase in Christmas sales, praising its trading performance amid a high 2016 comparable.
British toy giant Hamleys has opened its largest worldwide flagship store in Beijing spanning over 115,000sq ft. The 257-year-old store opened the doors its new location just two days before Christmas, accompanied by an exclusive parade to mark the occasion. The British ambassador Barbara Woodward and Sanpower chairman Yafei Yuan.
London Bridge’s major new development has opened today, offering travellers ten times the amount of retail space as Network Rail’s retail income continues to balloon.
2017 has been a huge year for the retail industry. Some of the largest deals set to dictate the direction of various sectors over the next year were made, while giants no-one expected to see falter struggled to keep their heads above water. STEINHOFF’S ACCOUNTING SCANDAL It seems a large portion of this year’s big news was saved until the end of the year.