Shoppers have shunned physical stores to avoid catching Covid-19, and accelerated a shift to online shopping that was underway before the pandemic. The effects are being felt throughout Britain's high streets.
The Grosvenor-owned Liverpool One mall has added two independent menswear and accessory brands to its roster of retailers. Local brands Vincentius and Tribus have opened flagships stores at the city destination.
The pandemic is hurting festive season shopping with new figures showing most international consumers have done less than usual. But it also showed an interest in buying fashion and in returning to stores.
It’s been an extra-busy four months for Vincero Watches. The luxury watch brand has not only recorded a 31% year-on-year rise in international conversions since September, but UK order numbers have driven 120% higher.
As Britain continues to worry about the future of its high streets, the boss of one fashion retailer that famously doesn’t sell online thinks physical shopping could still have strong prospects, but needs extra help.
A major signal of what’s likely to happen more widely in UK retail in the next few years came on Wednesday as property giant Hammerson announced a major build-to-rent scheme for Leicester following the Debenhams exit.