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Leisure & Retail
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<p>TK Maxx is opening a new store at the Westfield London centre</p>
Business

TK Maxx takes on former Debenhams space at Westfield London

TK Maxx is set to open a large new store at the Westfield London shopping centre

Business

West End and Knightsbridge urge Government to ease Sunday trading laws

The two districts want shops to remain open until 8pm on Sundays

Business

Paperchase adds to London’s long list of empty shop spaces

What will happen to the Paperchase store estate? Joanna Hodgson looks at what next for upcoming gaps on the High Street

Business

TK Maxx launches search for new London stores

TK Maxx has 58 shops in London and is eyeing expansion

Business

Greggs eyes expansion to ‘significantly more than 3,000 UK shops’

The Newcastle-based bakery opened a record 186 new stores in 2022

Business

Greggs workers in line to share £17 million bonus after profits boost

Greggs boss Roisin Currie said staff would receive an average of £700 each

Business

Lush in legal row with ex-boss over £216.8m share sale

Andrew Gerrie’s Silverwood Brands claims Lush directors have failed to record the transfer of a 19.8% stake

Business

Ethical Fashion Group joins forces with textile recycler

The tie-up is intended to make it easier for clothing manufacturers, suppliers and retailers to access textile recycling options

Business

Heineken cheers 20% sales rise as Birra Moretti fuels UK surge

Beer giant sold 25.69 billion litres of beer globally in 2022

Business

Paddy Power owner Flutter considers US listing

Flutter’s FanDuel brand has taken advantage of US states legalising sports betting

Business

Jewellery retailer Pandora’s full-year sales sparkle

Retailer Pandora said current trading in 2023 has been solid

Business

London ranked among the top cities globally for leisure operators

New York, Seoul and London are ranked as top cities globally for leisure operators, according to new research

Business

PrettyLittleThing inks deal for new West End showroom and office

PrettyLittleThing is heading to Great Portland Street for its next showroom launch

Business

Caffè Nero’s Christmas sales jump 9.5% as festive menu proves popular

The coffee chain served almost eight million people in the UK in December

Business

West End Christmas trading surpasses pre-pandemic levels

Two of the West End’s most prominent landlords have reported bumper sales figures for the festive period

Business

Pressure on Issa brothers as debt interest payments jump £200 million

Annual accounts for EG Finco, the finance subsidiary of Mohsin and Zuber Issa’s EG Group, are now several weeks overdue

Business

Demise of the gin & tonic as drinkers opt for cocktails

A slowdown in demand for gin would appear to have been matched with a decline in tonic sales

Business

Climbing wall operator heads to London shopping centre for new opening

Parthian Climbing is to open a 25,000 sq ft climbing experience at the Southside shopping centre in Wandsworth

Business

Shoppers face ‘vegan premium’ as plant-based product prices rise 18%

Vegan alternatives to meat have risen 23% in the past year

Business

Amazon closes one London Fresh store, opens another as expansion slows

The e-commerce giant first introduced the high-tech shops in London in March 2021

Business

London’s upmarket retailers upbeat ahead of Chinese tourists returning

London retailers are hopeful there will be more high-spending shoppers returning this year, writes Joanna Hodgson

Business

Cazoo axes jobs as founder Alex Chesterman quits CEO role

Cazoo shares have fallen 93% over the past year, with the firm posting a £243 million loss in the first half of 2022

Business

Burberry boosts sales outside of mainland China, with bags in demand

Burberry’s CEO says double-digit revenue growth outside of Mainland China offset the impact of Covid-19-related disruption there

Business

Paperchase lines up administrators with nearly 100 shops at risk

It’s the second time in two years the firm has come close to collapse

Business

Footfall in Knightsbridge over Christmas nears 2019 levels

The Christmas period can account for up to a third of sales across the entire year

Business

Profits jump at pawnbroker Ramsdens amid growing demand for loans

The Middlesborough-based firm has also been helpled by rallying gold prices

Business

M&S unveils half a billion pound plan to overhaul store portfolio

M&S; said it plans to have 180 ‘full line’ stores and 420 food stores by 2025/26

Business

Space NK reveals new store plans for 2023

Space NK has recorded Christmas sales growth and plans more shops this year

Business

Sainsbury’s ups staff pay to almost £12 per hour in London

The supermarket will also extend its offer of free food to staff during shifts by a further six months

Business

Tax-free shopping is a simple gift for growth

Not only is British spending moving to the EU, but global brands are also revising their capital investment plans as a result of the lack of tax-free shopping

Business

Winter holiday prices surge 28%, says travel operator Tui

Inflation and currency volatility helped push up the cost of winter breaks to new highs