Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Kurt Geiger-owned women’s footwear and accessories retail brand Carvela has opened a standalone store at the Landsec-operated Bluewater mall in Kent. It becomes Carvela's seventh UK store and first in the South East.
Positive news for giant retail landlord Landsec. The UK’s largest commercial property firm said Friday it has made “good progress” on rent collections following over a year of widespread pandemic-induced disruption.
Gap is going online-only in the UK and Republic of Ireland with news on Wednesday that it’s closing all 81 of its stores in the British Isles, rather than just the 19 that had already been announced for closure in July.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Gap has confirmed that it’s to close 19 UK and Republic of Ireland stores this summer. It follows a bruising pandemic period and news backs in October that the US firm was launching a review of its European business.