Page 7 - Local Data News Today

Shopping Centres adapt to Covid-19 Since the beginning of the pandemic, and the lockdowns that followed, the question being asked by real estate investors, retailers, shoppers and even local councils is - how will shopping centres survive? A retail sector already under pressure from the shift towards online shopping has been further hit by lockdowns which left non-essential shops in south west London shut for months at a time, with empty units becoming an increasingly common sight as a resu...

Shopping Centres adapt to Covid-19 Since the beginning of the pandemic, and the lockdowns that followed, the question being asked by real estate investors, retailers, shoppers and even local councils is - how will shopping centres survive? A retail sector already under pressure from the shift towards online shopping has been further hit by lockdowns which left non-essential shops in south west London shut for months at a time, with empty units becoming an increasingly common sight as a resu...

One in seven shops in Britain are vacant with fashion retail premises in shopping centres the hardest hit of all by repeated lockdowns, the British Retail Consortium said today. Unmasking the plight of many of Britains once-bustling shopping hubs, the BRC report said that one in five shopping centre shops are vacant, and more than one in eight have been empty for over a year. Sky-high rental costs, business rates and the growth of web commerce have hammered bricks-and-mortar retail for years. ...

Ransomware attacks are growing in sophistication, with bigger targets and higher costs. Read more on RaaS, TTPs and protections.

A full break-up remains unlikely, but the venerable retailer has challenges on every front

Reports show that police drones are at risk of the data they gather ending up in cloud servers the Chinese government can access, but the benefits outweigh the risks.

Fibre2Fashion Toggle navigation 04 Pic: Shutterstock Shop prices in the UK fell by 1.3 per cent in April, a slower decline than the 2.4 per cent decrease in March. This is above the 12- and 6-month average price decreases of 1.8 per cent and 2 per cent, respectively. Additionally, in Q1 2021, the overall shop vacancy rate increased to 14.1 per cent, from 13.7 per cent in Q4 2020, as per a recent report. The vacancy rate was 1.9 percentage points higher than ...

Central London has been named as the location with the highest amount of new fashion retail store openings between April 2020 and April 2021, exclusive research compiled for Drapers by Local Data Company shows. Recent store openings in central London include Ralph Laurens flagship store, and Browns which opened in April. Versace, opened its London flagship store in December. Telford Shopping Centre and McArthurGlens Cheshire Oaks Designer Outlet, which opened on 12 April, came in second and th...

Exclusive research: The high streets most at risk Local Data Company shows which locations will be worst hit by the closures of John Lewis, Debenhams and Arcadia Group stores. Out of the eight locations, Aberdeen and York have had the highest number of high-profile store closures between March 2018 and March 2021, exclusive research compiled for Drapers by Local Data Company shows. Both cities witnessed 17 “high-profile” retail closures each during the two-year period. Of the 17, nine were ...

PA NEW research has shown a drop in the number of stores in Scotland of 652 last year. Accountants PwC said pre-pandemic trends continued in 2020 with closures outnumbering openings, while consumers switched to retail parks from the high street. More than 1,200 chain stores closed in Scotland last year, with 612 openings, continuing a path that has developed across high streets in recent years, leading to 14 per cent fewer stores compared to 2016 as shoppers migrate to online shopping. ...