Wilko is to close 15 stores in 2022, it announced on Tuesday. The value-focused general merchandise retailer that also sells beauty products has reviewed its store estate as a result of a number of leases ending.
City centre retail destinations may not have actually been deserted in the latest week, but with advice to work from home still in force, footfall to those locations was down by a big percentage in the seven days.
London continued to be the shopping capital of Europe in 2021, according to a new report by BNP Paribas Real Estate, with Oxford Street, Regent Street and Covent Garden all scoring highly in terms of visitor numbers.
Global superstar Rihanna revealed on Friday location details for five upcoming Savage X Fenty store openings in 2022, as the inclusive lingerie brand looks to make its physical store debut across key U.S. cities.
U.S. department store Saks has launched its new online wellness shop, retailing products for both men and women across four main categories: fitness, health and nutrition, sexual wellness, and rest and relaxation.
Liverpool One is beginning 2022 as it ended 2021, attracting new retailers. The Grosvenor-operated city centre shopping mall has signed premium UK footwear and accessories brand Russell & Bromley to open this spring.
Billed as one of the biggest commercial property deals in recent years, two designer outlet malls in England have been sold for £600m. Cheshire Oaks and Swindon Designer Outlet have been bought by LaSalle.
Buy-Now-Pay-Later (BNPL) schemes have been criticised by Which? with the UK consumer body calling for stronger safeguards to stop online shoppers from choosing such loans to pay for products “without knowing the risks”.
The Covid-19 omicron variant is unlikely to cause widespread retail shutdowns or slowdowns, according to the NRF, as 2022 looks to be “another very challenging year of substantial uncertainty," for retailers in the U.S.