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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Jan- 2020 -22 January
Pets at Home revenues jump in Q3 results
Pets at Home has reported a 7.9% increase in group total revenues to £255.9m in its third-quarter results. The pet retailer said this was driven by “record-breaking” retail performance during the period, including its “biggest ever” online and offline trading days. It also launched a further nine new format pet…
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22 January
WH Smith travel division drives revenue growth
WH Smith has announced it delivered a “good performance” over the Christmas trading period, with total revenue up 7% for the 20 weeks ended 18 January. Total revenue was also up 19% in the group’s travel business, with like-for-like revenue up 3%. The retailer said its UK travel arm saw…
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21 January
Dixons Carphone Christmas trading dragged down by mobile
Dixons Carphone’s trading results for the 10-week period ended 4 January 2020 has been dragged down by a 9% slump in mobile like-for-like revenue. Despite this, the retailer saw group revenue increase by 2%. Like-for-like revenue in electricals also increased by 2% in the UK and Ireland, driven by strong…
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20 January
Gordon Brown to receive nearly £1m following Links of London collapse
Restructuring firm Gordon Brown is set to receive a near £1m payout after it helped to close down British jewellery brand Links of London. According to a report by the Telegraph on Sunday, the firm assisted by selling “leftover” earrings, bracelets and necklaces. It also helped to shut the retailers…
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17 January
Moss Bros sales slip in half-year results
Men’s fashion retailer Moss Bros has reported a 3% decrease in total sales for the 24-week period ended 11 January 2020. Hire sales, which accounted for just under 8% of group revenue in the period, slumped by 17.7% on a like-for-like basis. Additionally, total retail sales, including e-commerce and wholesale,…
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17 January
Sector calls for action as 115 shop workers attacked every day
The retail sector has called for the government to take greater action in protecting shop staff after the British Retail Consortium (BRC) revealed that 115 attacks take place everyday. The BRC said that following a consultation that closed over six months ago an estimated 21,000 shop workers have been attacked…
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17 January
Paphitis delivers ‘resilient’ full year and Christmas performance
The Paphitis retail group has reported a ‘resilient’ performance amid ‘challenging’ conditions in both its full year and Christmas results. Total revenue for Ryman increased by 1.4% to £129.9m in the full financial year, while EBITDA increased 6.5% to £8.2m. This reflected “new categories, development of related services and customer…
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16 January
Primark sales jump in first-quarter results
Associated British Food (ABF) has reported a 4% increase in group revenue for the 16 weeks ended 4 January 2020, driven by strong trading from Primark over the festive period. Primark saw sales increase by 4.5% compared with the same period last year, and the group said the sales growth…
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16 January
The Works CEO steps down despite ‘solid’ Christmas sales
The CEO of gifts and crafts retailer The Works has stepped down from his role, despite the company reporting “solid” like-for-like sales in its latest trading update. Kevin Keaney held the position of CEO at The Works for almost nine years, has decided to step down as CEO and from…
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15 January
22,000 retail jobs lost in 2019 due to administrations
Almost 22,000 retail jobs were lost in 2019, according to new data from specialist finance broker firm ABC Finance. Some 1147 retail premises closed during the year, with the firm explaining that the most common causes for these closures included rising overheads such as rent on retail units, as well…
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