A list of stores that troubled fashion retailer New Look is said to be planning to close is circulating and it looks like Scotland and Wales will see the biggest impact but London flagships could also go.
Westfield London’s much-talked-about extension will open in three phases starting in the spring with phase two not due until this summer and the entire £600 million extension to be open by the autumn.
Mothercare may have had a weak Christmas but rival Mamas & Papas fared much better. The retailer said this week that sales rose 2.7% in the six weeks to January 13 and that it saw record sales through its stores.
Westfield has announced plans to hold a two-day job fair to help new brands opening stores at its Shepherd's Bush extension fill up to 8,000 jobs. The event will showcase new jobs from brands such as Primark and Adidas.
Stealthy in-line store pull-outs and intensified competition to attract new retailers figure among the problems facing malls in 2018, which must diversify their offer and focus their investments on consumer experience.
Westfield has reported a 1% hike in visitors to its London malls for the Christmas season and while that’s not a big leap, against a backdrop of lower footfall at malls, it’s actually a very strong performance.
UK fashion e-tailer Missguided saw a sales surge in its latest year but that didn’t help profits and the firm, which recently moved into physical stores, swung to a pre-tax loss on investment spending.