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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Jun- 2025 -12 June
Poundland sold to Gordon Brothers for £1
Pepco Group has announced that it has sold Poundland to investment firm Gordon Brothers for £1. The deal will provide the discount retailer with £80m in financing to be used for restructuring and turnaround. The business will continue to operate under the Poundland brand in the United Kingdom and under…
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10 June
Cadogan profits rise amid continued investment in Chelsea estate
Cadogan has reported a 16.6% increase in operating profit, supported by sustained demand across its portfolio and progress on environmental and community goals. Total income rose 11.8% to £241.4m in 2024, up from £216m the previous year. The value of its property portfolio grew 1.3% to £5.7bn. The estate also…
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10 June
ONS Data: Retail loses over 360,000 jobs in a decade
Retail has lost over 360,000 jobs in the past decade, according to the latest data from the Office for National Statistics (ONS), further highlighting the difficulties the sector is facing. The figures show there were 2.76 million jobs in retail in March 2025, while the four-quarter average, which smooths out…
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9 June
One in 10 part-time retail jobs at risk by 2028, warns BRC
The British Retail Consortium (BRC) has warned that around 160,000, or more than one in 10, part-time retail roles are in danger of being lost over the next three years. The warning follows a new report published by the BRC which lays bare the threats to retail employment, which has…
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5 June
Co-op ‘nearing recovery’ following cyber attack, says CEO
The boss of Co-op has said the company is “nearing recovery” following a major cyber attack earlier this year. In a post on LinkedIn, CEO Shirine Khoury-Haq confirmed that the group’s systems were “now stable”, noting there was “still work to do to unwind the operational and technical impacts of…
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4 June
WH Smith travel sales jump 7% ahead of high street arm sale
WH Smith has reported that its travel business revenues have increased 7% on a constant currency basis during the 13-week period to 31 May. The update follows WH Smith’s sale of its high street estate to Modella Capital on 28 March, meaning that it now identifies as “a pure play…
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4 June
B&M profits slump as inflation hits
B&M has seen its profit-before-tax fall 13.2% to £431m, compared with the £498m it posted in the same period last year. This came as a result of UK inflation, with the company’s UK revenues falling 3.1%, despite its overall group revenue rising 3.7% to £5.57bn. B&M put this revenue increase…
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2 June
Retail footfall rises 7% as shopping centres see improved performance
Footfall rose by +7% week-on-week in all UK retail destinations last week driven by a +12% rise in shopping centres and was followed by rises of +5.6% and +4.5% in high streets and retail parks, respectively, according to the latest figures from MRI Software. Smaller centres drove much of last…
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May- 2025 -28 May
Pets at Home FY profits rise 14% to £120m despite flat revenues
Pets at Home has seen its profit before tax rise 14% to £120.6m for the year ended 27 March 2025, following strong growth in its veterinary sector. Its vet group consumer revenue was up 13%, with record sales supported by higher visits, average transaction values and significant growth in Care…
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27 May
Oxford Street vacancies drop below pre-pandemic levels
The rate of vacancies on Oxford Street in London has fallen to 0.5%, the first time it has fallen below 1% since before the pandemic, according to data from Savills. Savills attributed this to an undersupply of quality vacant space, noting that good quality retail space has become “increasingly constrained”.…
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