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.
-
Apr- 2021 -6 April
Poundland set for 30 new store openings
Poundland has announced that it is set to open up to 30 Poundland and Dealz stores across the UK and Ireland over the 12 months to 30 September 2021. The discount retailer also revealed that it brought 29 stores out of “hibernation” in February, and plans to reopen a further…
Read More » -
Mar- 2021 -31 March
Carpetright owner acquires Carpet and Flooring
Nestware Holdings Limited (NHL) has announced it has acquired Carpet and Flooring (C&F) for an undisclosed sum. NFL, which is part of Meditor Holdings Limited also owns a number of flooring businesses including Carpetright and FlooringSupplies.co.uk, an ecommerce flooring business. C&F was established in 1992, it distributes floor covering products…
Read More » -
30 March
Relaxing of restrictions boosts retail footfall by 6.6%
Footfall across UK retail destinations increased by 6.6% last week from the week before, according to the latest data from Springboard. Last week, Springboard found that footfall was 68.1% higher than in the same week in 2020, but remained 57.3% lower than in the same week period for 2019. Footfall…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
