July marked a downturn for the UK retail landscape as post-Jubilee sales slump amid soaring costs and extreme temperatures.
UK inflation hit a new 40-year high as fuel and energy prices soared amid the cost of living squeeze, while the Office for National Statistics ( ONS) said consumer price index (CPI) inflation rose to 9.4% in June from 9.1% in May.
Deloitte separately found that the rising cost of living has caused consumer confidence to fall below the previous high set during the March 2020 lockdown to an all-time low.
Meanwhile, a record-breaking heat wave across the UK has seen high-street footfall fall by 7.3% week on week. Footfall in London fell 18.1% compared to Springboard’s “Back to the Office” benchmark. However, shopping streets in coastal towns saw footfall increase by 9%.
Here’s a list of all the retail stores that opened and closed this month, along with an overview of commercial real estate deals and new franchise deals.
Lampoo, the luxury fashion resale platform based in Italy opened its first store on King’s Road in Londonoffering authenticated pre-owned items from fashion houses such as Chanel, Gucci, Balenciaga and Dior.
The brand of wedding and ceremony dresses Pronovias has opened a new flagship store at 70-71 New Bond Street, London. The new 6,000 square foot store spans three floors, offering a range of styles from its main collection Pronovias, Pronovias Privée, Atelier Pronovias, The Party Edit as well as the Nicole Milano collections and the Vera Wang Bride collection.
Marc Jacobs is back in London with the opening of its flagship store on Regent Street, marking its largest boutique outside the United States. The new boutique offers Marc Jacobs ready-to-wear items, as well as a range of small leather goods, jewellery, footwear and iconic bag styles, including The Tote Bag and The Snapshot.
Scamp & Dude has opened its permanent flagship bricks and mortar store in Marlow High street, offering its full range of clothing and accessories for women. The 1,569 square foot space serves as an immersive retail space to showcase the brands’ growing collections and celebrate the power of community, such as ongoing charity campaigns and donation programs.
Ted Baker opened a new 2,150 square foot store in Center: mk in Milton Keynes, located on Silbury Arcade and stocking its full range of womenswear, menswear and accessories.
The French fashion and lifestyle brand IKKS Paris has opened its second UK store on King’s Road in London. The new 1,300 square foot store showcases its womenswear and juniors clothing lines, with plans for menswear to be introduced at a later date.
Sportswear and footwear giant Nike opened a new store in westfield london (main picture), offering local sports enthusiasts a series of new and innovative digital experiences and services. The new store is the latest expression of the overall Nike Rise store conceptwhich aims to empower athletes to make sport a daily habit, supported by digital services.
The luxury shoe brand Kick Game has marked its Liverpool debut with the opening of a 3,500 square foot store at Liverpool ONE.
Men’s clothing retailer Moss Bros. has opened four new stores, including a new 2,059 square foot flagship store on Jermyn Street in London. The formalwear-focused retailer’s casualwear offering – successfully launched for AW21 and led by First Dates’ Fred Sirieix – is also to be rolled out across all of its 106 UK stores.
Inditex is about to shut down the local e-commerce operations of its Bershka, pull and bear and Stradivari brands in China, complete the departure of each brand from the market. Fast fashion chains will stop operating online in the region, including through platforms such as Alibaba’s Tmall, where each brand had its own virtual flagship store
CHIEF announced a new partnership with Formula 1 team Aston Martin Aramco Cognizantwhich will see the brand become the team’s official fashion partner.
Gucci has become a strategic partner of the Ellen MacArthur Foundation as it aims to “further strengthen commitments to circularity and regenerative agriculture.”
Dr Martens partnered with five Center of Saint Martin (CSM) MA Fashion students at create bespoke designs as part of the brand’s “All Access Summer” campaigneach to fit students’ fashion designs.
Boohoo Group launched a new community program called Be You, aimed at giving 14-16 year olds knowledge of the fundamentals of data science.
The Coca-Cola Company has announced that Kate Moss will be the new creative director of Diet Coke, as the brand celebrates its 40th anniversary and launches an official partnership with London Fashion Week.