Retail Recap: The important openings and partnerships in July 2022
July marked a period of slowdown for the UK retail landscape, as post-jubilee sales slump amid soaring costs and extreme temperature.
UK inflation has surged to a fresh 40-year high as fuel and energy prices rocketed amid the cost-of-living squeeze, while the Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 9.4% in June, up from 9.1% in May.
Deloitte separately found the rising cost of living has driven consumer confidence below the previous record set during the lockdown of March 2020 to an all-time low.
Meanwhile, a record heatwave across the UK saw high street footfall dipped 7.3% week on week. Footfall in London dropped 18.1% against Springboard’s "Back to the Office" benchmark. However, high streets in coastal towns have seen a surge in footfall by 9%.
Here is a list of the all the retail stores that have opened and shut this month, as well as a look at commercial real-estate deals and new franchise agreements.
Italian-based luxury fashion resale platform Lampoo opened its debut store on London’s King’s Road, offering authenticated second-hand items from fashion houses including Chanel, Gucci, Balenciaga and Dior.
Bridal and occasionwear brand Pronovias has opened a new flagship boutique at 70-71 New Bond Street, London. The new 6,000 sq ft store spans across three floors, offering a range of styles from its Pronovias mainline collection, Pronovias Privée, Atelier Pronovias, The Party Edit as well as the Nicole Milano collections and the Vera Wang Bride collection.
Marc Jacobs has returned to London with the opening of its flagship on Regent Street, marking its largest boutique outside of the US. The new store offers Marc Jacobs ready-to-wear items, as well as a range of small leather goods, jewellery, footwear, and signature bag styles, including The Tote Bag and The Snapshot.
Scamp & Dude has opened the doors of its permanent bricks and mortar retail flagship in Marlow High street, offering its full range of womenswear and accessories. The 1,569 sq ft 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 give back programmes.
Ted Baker has opened a new 2,150 sq ft store at Centre:mk in Milton Keynes, located on Silbury Arcade and stocking its full range of womenswear, menswear and accessories.
French fashion and lifestyle brand IKKS Paris has opened its second store in the UK at London's King's Road. The new 1,300 sq ft store features its womenswear and junior lines, with plans for menswear to be introduced at a later point.
Sportswear and footwear giant Nike has opened a new store at Westfield London (main image), providing local sports enthusiasts with a series of new and innovative digital experiences and services. The new store is the latest expression of the global Nike Rise store concept, which aims to empower athletes to make sport a daily habit, supported by digital services.
Luxury footwear brand Kick Game has marked its Liverpool debut with the opening of a a 3,500 sq ft store at Liverpool ONE.
Menswear retailer Moss Bros has opened four new stores, including a new 2,059 sq ft flagship store on London’s Jermyn Street. The formalwear focused retailer’s casualwear offer – successfully launched for AW21 and fronted by First Dates’ Fred Sirieix – is also to be rolled out to all of its 106 UK stores.
Inditex is set to shut down local e-commerce operations of its Bershka, Pull&Bear and Stradivarius brands in China, completing each brands' departure from the market. The fast fashion chains will cease to operate online in the region, including through platforms such as Alibaba’s Tmall, where each brand had its own virtual flagship store
BOSS has announced a new partnership with the Aston Martin Aramco Cognizant Formula One Team, which 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 has partnered with five Central Saint Martins (CSM) MA Fashion students to create bespoke designs as part of the brand’s ‘All Access Summer’ campaign, each to fit with the students’ own fashion designs.
Boohoo Group has launched a new community programme entitled Be You, aiming to empower 14 to 16-year-olds with knowledge about the fundamentals of data science.
The Coca-Cola Company has announced Kate Moss as the new Creative Director of Diet Coke, as the brand celebrates its 40th year and kick-starts an official partnership with London Fashion Week.