High Street
The latest news, updates and analysis on the the British High Street and UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Mar- 2021 -26 March
Argos to provide £500,000 to customers, amid CMA warranty findings
Argos has announced it will provide over £500,000 to customers who may have missed out on a cheaper extended warranty deal. The retailer was recently investigated by the CMA and has agreed to fix the way it sells extended warranties to customers and provide a “goodwill gesture” to those who…
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26 March
Majestic accelerates expansion with new Beaconsfield site
Majestic, the specialist wine retailer, has opened the doors of a new store in Beaconsfield, Greater London, as part of a wider strategy targeting future growth across the country. The move now puts the total number of stores for the 40 year old retailer at over 200. The retailer revealed…
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25 March
Santander announces 111 branch closures
Santander has announced plans to close 111 of its branches by the end of August 2021, impacting 5,000 jobs and representing another blow to the UK high street. The bank claimed the streamlining of its portfolio is in response to the ongoing shift to mobile and online banking, as the…
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25 March
Over 50 retailers pledge to improve diversity
Over 50 retailers have signed up to a Diversity and Inclusion (D&I) charter led by the British Retail Consortium (BRC) and pledged to take “decisive action” to improve diversity practices across the retail industry. The businesses said they will focus on oversight, recruitment, progression, reporting, inclusivity and responsibility. They pledge…
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24 March
Tui to close 48 high street sites
Tui, the travel operator, has announced that it is closing 48 of its UK high street sites, impacting 273 jobs in the process. The group’s decision follows the proposed shutting of 166 Tui sites, in turn affecting 900 jobs, that was announced in July 2020 as the pandemic continues to…
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23 March
High street footfall rises 4% ahead of lockdown anniversary
Footfall across UK retail destinations rose by +0.5% last week ahead of the one-year anniversary of the first national lockdown , wholly driven by a +4% increase in high streets according to the latest data from retail experts Springboard. During the week, footfall in both retail parks and shopping centres…
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23 March
Terrys revenue soars 109% YOY
Terrys has reported an overall revenue increase of 109%, to an undisclosed amount, over the last year after seeing a huge surge in demand throughout the UK’s recent national lockdowns. The home furnishing retailer’s ecommerce operations assisted business during the pandemic, with searches for blackout curtains up 47% and roman…
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18 March
Wilko key workers prepare to strike amid sick pay cuts
Wilko key workers who are part of GMB union have announced they are preparing to strike after having their sick pay entitlement cut. A consultative ballot undertaken by the union saw 88% of Wilko workers vote that they were ready to take action up to and including strike action following…
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17 March
New Look faces court battle with landlords over CVA terms
New Look has reportedly entered a High Court battle with four landlords – including British Land and Land Securities – over its proposed restructuring plans. According to The Times, the fashion retailer is being challenged by landlords over its CVA, a restructuring procedure which was agreed last year, that switched…
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17 March
Scottish retail sales down 22% in February
Scottish retail sales for February fell by 22% against the prior year, the fourth worst monthly performance in the past year, according to the latest Scottish Retail Consortium (SRC) and KPMG figures. The SRC claimed that the fall in sales was only aided by a small but “nonetheless discernible boost”…
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