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.
-
Dec- 2019 -10 December
McColl’s earnings to fall short of expectations
Convenience retailer McColl’s has revealed that earnings are set to fall short of expectations amid “unseasonable weather and lower consumer confidence”. In a full year trading update for the period ending 24 November 2019, total revenue was down by 1.9% for the year, which was a reflection of store divestments…
Read More » -
9 December
Wet weather hits November footfall
Retail footfall in November dropped 3.4% year-on-year after “severe wet weather” deterred shoppers in the last two weeks of the month, according to the latest figures from Springboard. Springboard also revealed that footfall was likely affected by shoppers holding out for Black Friday discounts. Black Friday was deemed to have…
Read More » -
6 December
Jessops appoints administrators, 500 jobs at risk
Camera retailer Jessops has appointed administrators to its property arm, reportedly placing around 500 jobs at risk. According to The Guardian, the retailer’s main trading company Jessops Europe is not affected by the administration and its owner, Dragons Den’s Peter Jones, is thought to want to keep the business going.…
Read More » -
6 December
Sports Direct seeking Lillywhites London lease sale
Sports Direct has reportedly put the lease for its Lillywhites store in Piccadilly Circus up for sale. According to The Guardian, the 97-year lease for the 67,000 sq ft building has been put on the market, as landlord Criterion Capital, conducts rent review talks. Lillywhites has been trading at the…
Read More » -
5 December
Joules revenues up 3.1% despite ‘challenging’ September period
Lifestyle brand Joules has reported a 3.1% increase in half-year sales attributed to a “disciplined” approach to promotional activity and “strong” e-commerce growth, despite it facing a “challenging” trading environment. Although wholesale revenues decreased by 3.8%, international revenues increased by 17% compared to 15.8% for the first half of last…
Read More » -
4 December
Clintons saved from administration
Clintons has been saved from administration after the Weiss family regained control of the business through a new entity. Will Wright and Steve Absolom from KPMG, who were appointed joint administrators, sold the brand and its assets to Esquire Retail Limited – a holding company for the Weiss family. The…
Read More » -
4 December
Argos set for Christmas disruption amid plans for 15-day delivery strike
Argos customers are facing “Christmas misery” after UPS staff in Barton, Staffordshire, chose to go into strike action over a 10-month-long pay dispute, union Unite has said. Shunter and HGV drivers employed by UPS at Argos’ flagship distribution centre at Barton, near Burton on Trent, will commence over two weeks…
Read More » -
4 December
M&S partners with six start-ups through Factory Founder scheme
Marks and Spencer has announced it has partnered with six start-ups, as it marks the first anniversary of the M&S and Founders Factory Joint Venture designed to identify and accelerate emerging businesses. The six fast growth start-ups were selected from over 100 hopeful new businesses identified from Founders Factory’s global…
Read More » -
3 December
Black Friday boosts consumer spending in November
UK retail sales grew in the month of November, according to the latest report from the British Retail Consortium (BRC). When factoring in Black Friday, like-for-like sales grew by 0.9%, up from a decline of 4.9% when excluding the sales event from monthly figures. For the period of 27 October…
Read More » -
3 December
Black Friday footfall up 3.3%
Black Friday footfall rose by 3.3% year-on-year according to the latest figures from Springboard. The Retail intelligence experts found that shopper numbers increased in all three destination types with shopping centres faring the best with an increase in footfall of +6.5% as shoppers looked to make the most of the…
Read More »
