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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May- 2021 -12 May
Young shoppers main drivers of high street footfall, data finds
Millenials are the primary drivers of high street footfall in the UK since non-essential retail stores in England reopened on 12 April, according to new data from global payments platform Adyen. Over a third (34%) of young people surveyed by the service said that they missed physical stores while they…
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11 May
Hotel Chocolat reports Easter revenue boost
Hotel Chocolat has reported a year-on-year revenue increase of 60% over the eight weeks to 25 April, attributed to the rise to the Easter holiday and Mothers Day celebrations. The revenue surge was reported despite its stores being closed for six weeks of the period due to Covid-19 lockdown restrictions.…
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10 May
JTF Central eyes 50-shop UK portfolio
Discount retail chain JTF Central is set to open 50 high street sites across the UK, following its upcoming debut launch in Hull. The new venture, which will operate as an extension to JTF Mega Discount Warehouse, is set to create 2,000 jobs. The wider group currently trades with a…
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10 May
UK retail footfall drops 4.1% amid poor weather
Footfall across UK retail destinations declined by 4.1% last week from the week prior, which was attributed to the impact of poor weather, according to the latest data from Springboard. Activity in high streets also dropped to 6.6%, whilst in retail parks and shopping centres footfall declined by just 1.3%…
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10 May
Ikea eyes Topshop’s former Oxford Street flagship
Ikea has reportedly held advanced talks to take over the former Topshop flagship store Oxford Street as part of a strategy to expand into city centres, This is Money has reported. According to reports, the furniture giant previously considered moving into other buildings on Oxford Street, including the former BHS,…
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10 May
Greggs sales recover to near pre-pandemic levels
Greggs saw its two-year like-for-like (LFL) sales close the gap to just a 3.9% decline for the eight weeks to 8 May. It follows a 13.5% fall in LFL sales for the 18 weeks to 8 May when compared to FY19, as the group also showed signs of recovery following…
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7 May
Fashion and lifestyle sales see record surge amid reopening
Retailers reported record results across fashion, lifestyle and homeware and sustained growth of online sales in April, as consumer confidence was boosted by the easing of lockdown and progress with the COVID-19 vaccination programme, according to BDO. BDO’s High Street Sales Tracker (HSST) found that non-store like for like sales…
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5 May
Pepco valued at £5bn ahead of Warsaw listing
Pepco Group, the owner of brands such as Poundland, Pep&Co and the Dealz brands, has been valued at between €4.8bn (£4.1bn) and €5.8bn (£5bn) ahead of its listing on the Warsaw stock exchange. In a publication of its prospectus for the offering, Pepco revealed the listing will consist of up…
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5 May
UK retail footfall hit by bad weather
New data from Springboard has revealed that footfall at UK retail destinations dropped by 2% last week from the previous seven-day period, despite the reopening of non-essential retail stores across the country. The footfall decrease was primarily due to a considerable drop of 6.1% in high street footfall, despite footfall…
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4 May
WH Smith mulls takeover of Dixons Carphone’s airport stores
WH Smith is reportedly eyeing up a takeover of Dixons Carphone’s airport stores, after the electronics business closed 35 of its travel shops following the effects of the pandemic. According to The Telegraph, Carl Cowling, WH Smith’s chief CEO, said the exit was “another opportunity” to roll out its own…
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