Reopening Not a Magic Bullet for Retail: BRC Warns
UK footfall improves after lockdown, but British Retail Consortium warns reopening is "no magic bullet" for retail recovery. Despite...
shopping centres
Canadian Investor Pushes for Trafford Centre Sale Amid Intu Collapse
A Canadian investor, CPPIB, is pushing for the sale of Intu's Trafford Centre after the company collapsed into administration...
Intu Likely to Appoint Administrators Amid Failed Standstill Agreements with Landlords
Intu, the owner of several shopping centers, is struggling to reach agreements with landlords and may appoint administrators due...
Retail Footfall Soars 41.7% as Shoppers Embrace High Streets
High street footfall surged 51.7% yesterday, according to retail experts Springboard, with non-essential shops reopening driving a decline of...
Intu Places KPMG on Standby Amid Financial Struggles
Intu, owner of major shopping centers like Lakeside and Manchester's Old Trafford, is reportedly preparing for potential administration as...
UK Footfall Increases Amid Lockdown Easing, According to Springboard
As footfall data from Springboard reveals, there's been a 3.3% increase in visitors to physical locations between May 11th...
Retail Vacancy Rates Surge Amidst Lockdown Struggles
In a recent report by the British Retail Consortium and Local Data Company, store vacancies have increased to 12.2%...
UK Retail Footfall Plummets Amidst Lockdown Measures
UK retail footfall plummeted 44.7% in March due to the mandatory lockdown, according to the BRC-ShopperTrak monitor. This marks...
February Footfall Decline Signals Retail Fragility
In February, high street footfall dropped by 7.8% as heavy rain impacted shoppers, while shopping centers saw a smaller...
Shopping Centre Footfall Rises for First Time in Three Years
In January, shopping center footfall increased for the first time since March 2017, signaling some stability for brick-and-mortar stores...