It hasn’t taken long to hear who’s moving into the location that Superdry is vacating on Regent Street. Fast Retailing has just announced that it will be taking up residence with its Uniqlo and Theory brands.
Major central London landlord Great Portland Estates (GPE) issued a trading update on Thursday and said that “momentum is building”. It also confirmed that Superdry is exiting its Regent Street flagship.
Accessories label Troubadour is opening a store in the heart of London’s West End — specifically in Soho — with a debut at 65 Beak Street, just off the usually-busy shopping thoroughfare Regent Street.
As they work to drive shopper traffic back to London’s West End, the New West End Company, local authority Westminster City Council and landlord Crown Estate have announced the launch of a pop-up programme.
One of the most distinctive landmarks in central London retail is up for sale. The former Topshop flagship on Oxford Circus, the jewel in crown of the dismantled Arcadia Group empire, is valued at around £420 million.
As expected, a poor performance from its retail operations hit the Grosvenor Group in its latest trading year as the pandemic caused the high-end property business to swing to its first loss since the financial crisis.
Aspinal of London has filed its accounts for the year to the end of March 2020 and they show how tough the climate was becoming even pre-pandemic. But it also said 2021 is a key year as it heads towards profitability.