Headlines calling a 19-shot, top-of-the-group performance a “crisis”. Keep hammering players just because the scoreline didn’t cooperate, and you train them to fear mistakes instead of chasing the win. Build the mentality up, don’t dismantle it ⚽️🔥
#ThreeLions#WorldCup2026#ENG
I hear Heinz are pushing more price increases through on key lines like Beans & Soup.
Tesco undoubtedly yet to react but will be interesting to see what occurs. 2021 saw both parties face off over price, which led to gaps on the shelves.
Arcadia and Debenhams are the latest, but not the last. 44,000 stores are now empty; some expect that figure will double. What on earth will become of the high street?
@JonathanEley and I lay out the bleak picture and look at what the future may hold. https://t.co/5b5t7K5Stw
So it begins.... Unibail-Rodamco-Westfield set to receive planning consent to turn the House of Fraser at Westfield London into 68,400 sq.ft of offices, and 2x 16,145 sq.ft. shops. Westfield seeking an operator to run offices as flexible working space.
A couple of retail property updates today. Hammerson says it has collected 73% of H1 rent. British Land has received 36% of rent due for June quarter. Both better than might have been expected?
More bad news for the British high street. T.M. Lewin, the 122-year-old shirt-maker, will shut all its 66 stores, with c. 600 job losses. The brand will live on online though after a pre-pack deal. Story here: https://t.co/3vChVMt9cC
Demise of Intu exacerbated by Covid-19, not because of it. £4.5bn debt pile, market cap erosion & tumbling asset values. Retailers, unable to fulfil rental obligations, landlords, unable to service debt. Long-term recalibration of retail values has left Intu extremely exposed.
Also from yesterday: With Tesco and Superdry both pulling out of international markets to focus locally, is UK retail turning its back on internationalism? https://t.co/qJJsRhUP5W
There was an 'improvement' in retail footfall last week when stores reopened, monitor Springboard reports. Shopper traffic was only down 54% year on year! Better than the 80% fall when lockdown was at its height, but not sure champagne corks will be popping.