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UK Retail Vacancy Rates
Financial Performance retail UK Retail
On a recent visit to the Brent Cross shopping centre in North London we counted no less than nine empty prime shop locations. The centre's official store count is 120 and we estimate that the total number of prime locations are about half of this. This would mean that the vacancy rate for the shopping centre is 15%. According to LDC the average retail vacancy rate for the whole of the UK was 12.4% in April 2016. The shopping centre vacancy rate was 13.2% in April 2016, down from 14.6% in April 2015. However, compared to the London average of just below 8%, Brent Cross stand...
Why Nike's HyperAdapt 1.0 Shoes Are Changing The Face of Wearables and FashionTech Forever
FashionTech new product Nike Shoes Sportswear Wearables
This article was published on LinkedIn. Read the full article here
Goxip Raises $1.6m - Making Instagram Shoppable
ecommerce Machine Learning Social Shopping Visual Search
Goxip, the social shopping company based in Hong Kong has raised $1.6m from two Asian investors. The company is using technology from ViSenze, a Singaporean AI company focusing on image recognition. See our report into Visual Search (profiles of 23 companies including ViSenze). www.goxip.com www.visenze.com Source: https://www.techinasia.com/goxip-seed-investment
Burberry Seeking Chief of Cost Cutting
Burberry Cost Cutting ecommerce Financial Performance Luxury Retail
(Image source: Burberry Plc) The British luxury brand has seen its fortunes reverse since Angela Ahrendts left the company to join Apple. Burberry plans to cut costs by £100m (approx $150m) by 2019. However, since the appointment of Christopher Bailey to the dual role of Chief Executive Officer and Chief Creative Officer the company has not only dropped revenues but has also seen significant cost control measures introduced. Mr Bailey is rapidly losing faith among investors, but has backing from the board, and an additional leader is being sought to work in tandem with Christopher as his duties are thought...
Superdry moves against the grain with a 21% increase in revenues
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Laundry Athletics Ltd, the company behind the SuperDry brand and headquartered in Cheltenham, United Kingdom, posted a a jump in total revenues for the year to April 30th, 2015 compared to the previous year. The primary driver for the rise was their retail arm. The company has announced it will be investing in developing its own retail network in non-UK locations around Western Europe in the coming year. Superdry currently has 202 own shops. Link to FT.com article (subscribers only)