Newmark has released its latest retail Vitality Rankings report for the UK and said that Cambridge retains the top spot with strong demand there driven by affluent residents, students, and a resilient evening economy.
The international retail advisory and services firm is in the 10th year of its annual report that tracks the health of 1,000 retail centres across the country, combining shopper spend, vacancy, retail mix, redevelopment activity and catchment suitability to identify the most dynamic locations.
And after Cambridge, it said that London’s Chelsea has surged to second place (from 10th last year) with affluent local spend, tourism, and a premium retail mix driving its rise. Chelsea has long been a retail hot spot and the last year has seen a raft of openings by big retailers and small on the King’s Road, while Sloane Street has also seen openings and expansion on the part of major global luxury names.
Other highlights in the latest report include Bluewater in Kent — once the UK (and Europe’s) largest mall but now having been beaten by multiple other big developments since its 1999 opening — reaching position number 5. It may not be the biggest but Newmark said it’s the UK’s top mall and has been refreshed by experiential and digitally native brands alongside flagship “destination” stores. Inditex has opened or is opening a raft of its stores there while it’s also something of a beauty hub with big names such as Sephora, Space NK, Rituals, Molton Brown, Boots and Superdrug. Next has also taken over the giant department store space vacated by House of Frasers and will next year open a massive new branch featuring its own brand and its acquired/third-party labels.
Meanwhile Manchester has climbed an astonishing 96 places to number 12 via a “regeneration-led success story, fuelled by cultural anchors and premium brand arrivals”. The location has become the UK’s ‘second fashion city’ in recent years. And only recently JD Sports opened its largest Uk store there, a location that it says is performing very strongly.
But Manchester wasn’t the high climber on the list with Glasgow’s Silverburn taking that title. Up 530 places to number 215, it’s being transformed into a premium retail and leisure destination with major new occupiers.
Bluewater
Filling in the gaps, Kingston upon Thames rose two spots to number three; Bath City Centre jumped 18 to number four; Wimbledon Village fell three but managed sixth place; Milton Keynes was up 11 at seven; Knightsbridge fell two to eight; Leeds City Centre jumped 25 spots to number nine; Westfield Stratford City was down three at number 10; and Liverpool City Centre leapt 26 to number 11.
Newmark also said that the regional divide is shifting and while London and the South East remain dominant, more Midlands and Northern cities are entering the Top 50, although on the downside, many smaller towns face growing pressures from high costs and weaker catchments.
And it added that the Rankings also highlight four structural shifts reshaping UK retail: the ‘flight to prime’, the rise of ‘phygital’ store formats, the growing role of experience anchors, and the policy challenge of outdated business rates.
It’s particularly interesting that many of the top locations contain or are ‘supermalls’. Newmark’s 2025 Vitality Rankings demonstrate the importance of large centres to the UK retail landscape. While many consumers remain loyal to their local high street and independent retailers, the draw of major cities and destination malls has come back to the fore.
With their critical mass of space and broad range of retail, F&B and leisure options, these locations are again winning high levels of footfall.
But while footfall is important, there’s also an increased focus on customer retention. New concepts such as experiential retail and location-based entertainment “drive dwell time and repeat visitation, which results in higher spend per visit at a retail centre”.
Customers are attracted by new and innovative concepts, and the wellness sector in particular has seen considerable recent growth. These concepts often combine customer experience with vital services and product sales, and are increasingly taking prime space on high streets and in shopping centres, enhancing the vitality of a retail centre.
Paon-Paon is still little-known but is already making its presence felt. The fledgling French artisanal maison is setting up a snug nest at 11 rue du Dragon in Paris, where it will open on January 30. The store is the brainchild of CEO Emmanuel Gavache, who co-founded Paon-Paon with Aurélie Introzzi, the maison’s creative director.
Paon-Paon’s first collection is big on cowhide leather – Paon-Paon
Paon-Paon was founded in December 2025, entering the market with a range of women’s footwear featuring sandals, mules, pumps and booties, some of them characterised by curved shapes, others more sharply defined. The models come in a wide variety of colours and materials, from pink or white cowhide to black or gold metal-effect leather, black or blue cashmere uppers, and more. Paon-Paon’s shoes are priced between €500 and €700, hoping to attract Parisian women with an eye for detail and luxury.
A touch of extravagance and “groundbreaking” sourcing
Introzzi, the creative mind behind the brand, said that “I design shoes because I’m profoundly convinced that footwear can do much more than change a look. Shoes influence posture, and posture can transform one’s attitude and confidence, the way one enters a room and inhabits the world.” Introzzi’s aim is to add a touch of extravagance to luxury.
Barely three months old, Paon-Paon will open its first store in Paris at the end of January – Paon-Paon
Paon-Paon shoes are made in Milan by a single manufacturer, following the “groundbreaking” sourcing strategy devised by Gavache, who is well aware of future requirements for manufacturing transparency. For example, the shoes’ leather comes from calves raised close to the tanneries that treat the material. Gavache is keen to showcase Paon-Paon’s traceable sourcing practices, and said he can organise visits to the brand’s manufacturing partners.
“Self-styled” luxury is meaningless
While Paon-Paon’s artisanal products are currently all made in Italy, Gavache is hoping to eventually produce in France, though he laments the harsh climate making it difficult to set up in business in the country. Paon-Paon is looking to expand its range, and is planning to gradually introduce leather goods and ready-to-wear within the next two years. However, Gavache prefers to describe Paon-Paon as an “artisanal maison” rather than a luxury label. “Before being deservedly labelled as ‘luxury’, [a brand] needs to be truly well-established to be identified as such. I don’t think one can self-style one’s brand as a luxury one,” he said.
Paon-Paon shoes are all made in Italy, near Milan – Paon-Paon
The same quest for the meaning of the word ‘luxury’ is mirrored in Introzzi’s words. “Having spent 12 years creating and perfecting comfortable footwear – an obsession that’s always stayed with me – working alongside top-notch artisans in Italy, I developed a desire to go a step further, travelling the extra mile and returning to what truly drives me: human nature, the environment, materials, colours, the lived experience,” she said.
Pivotal first year for Paon-Paon
The third name in Paon-Paon’s executive triumvirate is Catherine Teurquetil, who started her career in fashion and advertising before founding a children’s stationery and home decoration brand, and later taking charge of the family’s wine estate. Her business experience now enables her to actively shape “[Paon-Paon’s] vision and main strategies,” she said. According to Teurquetil, the maison’s challenge in its first year is to develop a powerful image and the vision of an established brand.
Paon-Paon is keen to become a recognised player in the French luxury sector – Paon-Paon
Teurquetil also cast light on what drove her to take part in the Paon-Paon venture: “I was immediately attracted by its creative freedom and artistic vision, as both chime perfectly with my sense for luxury and fashion.” She added that “the team’s quality, my clear desire to link up again with a demanding creative environment, and the very strong prospect of future success, made it a no-brainer.”
“Tightly controlled” distribution
After a year of preparation and barely out of the trap, Paon-Paon is already available at Printemps in New York. A “symbolically strong” presence according to Gavache, who is working on a “tightly controlled” distribution footprint. In parallel, Paon-Paon launched online and at Parisian accessories store 58M, and is hoping to work with Le Bon Marché in the capital, and with Galeries Lafayette in other French cities.
Paon-Paon shoes are equipped with removable soles, which can be replaced in Italy – Paon-Paon
For now, Paon-Paon’s priority project is its Parisian store. It extends over 70 square metres, 40 of which are devoted to the retail area and 30 to a space for product alterations and personalisation. The latter service is set to be provided by French artisans. Paon-Paon shoes, with the goal of extending their useful life, are equipped with removable soles that can be replaced in the producer’s workshop in Italy.
A “groundbreaking” sourcing approach, longer-lasting products and luxury designs don’t seem to be enough for Gavache. He has a history of investing in new technology, and is planning to bring his experience in the sector to bear. For example, he is keen to use a LiDAR scanner with volunteer customers to adapt Paon-Paon shoes to their actual foot shapes. Because, while the maison is taking flight, it might as well spread its wings in avant-garde fashion.
After ending 2024 down 2.1%, Italy’s childrenswear sector is expected to end 2025 with turnover of just over 3 billion euros, a decline of 3.2%, according to preliminary estimates by Confindustria Moda‘s Economic and Statistical Research Office. The value of production is expected to fall by 4.8% year on year.
In foreign trade, childrenswear exports are forecast to decline by 3.2%, bringing the total value of overseas sales to 1.5 billion euros and accounting for 48.9% of sector turnover. By contrast, imports are expected to grow by 1.8%, taking the total to almost 2.6 billion euros.
With regard to foreign markets, the analysis can be limited to babywear, which, according to Istat, fell by 3.9% in the first nine months of 2025 to 112.7 million euros. This negative trend affected both EU (-1.2%) and non-EU (-5.9%) markets.
During the period under review, the United Arab Emirates confirmed its position as the leading destination for babywear, posting growth of 18.1% to 10.3 million euros, equivalent to 9.2% of total exports. Despite a 2.3% contraction, Spain climbs to second place and accounts for 9.1%, while France takes third place with growth of 1.3%. The US, a strategic market for babywear, slips to fourth following a marked 17.0% decline, to 8.6 million euros and a 7.6% share. The UK and Germany, the fifth and sixth destination markets respectively, also contracted, but at very different rates: the UK recorded a modest 3.6% decline, with a value of 6.8 million euros, while Germany suffered a more pronounced 16% loss, with turnover of 4.8 million euros, corresponding to 4.3% of total exports for the segment.
Conversely, China, in seventh place, shows moderate growth (+4.5%) to 4.6 million euros, followed by Russia and Poland, with particularly strong increases of 35.3% and 63% respectively. Sales to Israel also rose sharply, up 131.2% to 3.9 million euros, taking its share to 3.5%.
Among other European markets, Portugal and Bulgaria, the eleventh and twelfth, both show increases of 1.9% and 0.3% respectively; while Greece and the Netherlands, in fourteenth and fifteenth positions, show declines of 12.3% and 14.5%, respectively. In the Middle East, in addition to the aforementioned Emirates, Qatar (2.9 million euros, +8.9%) and Saudi Arabia (2.2 million euros, +25.6%) stand out, strengthening their overall contribution.
Finally, with shares of less than 2%, Belgium and Romania show significant growth, with increases of 52.3% and 12.6%, respectively, while Croatia and Japan register smaller negative changes of 7.8% and 0.5%, respectively.
This article is an automatic translation. Click here to read the original article.
Monica Vinader has chosen English singer/songwriter Sienna Spiro as the face of the aspirational, ambitious premium jewellery brand.
Sienna Spiro
The “meaningful collaboration” links the jewellery brand “known for its design integrity and exceptional quality” to “one of music’s most compelling emerging voices… with her lyrics rooted in feeling and intention, qualities that closely align with Monica Vinader’s approach to design”, we’re told.
Throughout the campaign, Spiro wears the new Infinity collections as well as Monica Vinader pieces engraved with lyrics from her song ‘You Stole the Show’.
The engravings spotlight the brand’s personalisation services, “transforming jewellery into objects of meaning, from song lyrics and private messages to personal mantras”, the retailer said.
The brand, which has several stores in London, plus stores at Liverpool One, in Manchester and Edinburgh, appointed a new CEO in November. Sebastian Picardo now heads the previously family-run brand founded by siblings Monica (artistic director) and Gabriela (non-exec director) in 2008.
At the time of his appointment, the sisters said Picardo is “perfectly placed to guide our next phase of growth” and will work to accelerate the business’s global reach, “scaling innovation, inspiring existing and new audiences, and setting new standards for modern luxury jewellery”.