City centre retail has suffered from the pandemic as tourists haven’t returned in large numbers and office workers stay home. But there’s hope, with signs of office workers returning to semi-normal working patterns.
Engaging concepts to entice shoppers are just as essential at the top end of the market and until International tourists return in numbers, stores are having to be extra creative to attract those extra shoppers.
London's West End may still be a long way from normality, but the key shopping neighbourhood is bouncing back and on Monday, major landlord Shaftesbury emphasised that fact with its latest trading update.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
An ambitious plan to transform Oxford Circus into pedestrian-friendly piazzas has been announced with an international design competition kicking off to decide just how the key shopping area will look for decades ahead.
LVMH-owned luggage brand Rimowa has launched a collab with London-based accessories label Chaos. The company said the two labels are “united by their common appreciation for luxurious design and innovative solutions”.