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 -6 January
Mountain Warehouse reports ‘record’ trading over festive period
Mountain Warehouse has reported “record” Christmas trading with sales up 16.2% to £95.8m in the 13 weeks to December 2019. The group, which specialises in selling outdoor clothing and equipment, saw online sales jump during the period 21.6%, and also reported a bumper Black Friday, which was its busiest day…
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3 January
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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2 January
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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2 January
Brighthouse reports £16m loss
Brighthouse has reported a £16m loss in its financial quarter to 28 September 2019. The rent-to-own retailer made a loss of £16m for its second quarter compared with £11m for the same period in 2018. EBITDA loss for the quarter was £3.2m compared with £1m last year. During the period,…
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Dec- 2019 -20 December
Consumer confidence increases in December
Consumer confidence has risen three points this month, according to the latest figures from GfK’s Consumer Confidence Index. Consumer confidence now stands at -11, after an increase of 4 measures and decrease of 1 measure so far this month. The first index, which measures changes in personal finances, decreased by…
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19 December
Debenhams landlord challenges High Court CVA decision
A Debenhams landlord has decided to appeal against a recent High Court ruling which paved the way for the embattled retailer’s CVA to go ahead. According to a report by the Telegraph, the Salford-based landlord is hoping to “overthrow” the legal win from two months ago. In September, the High…
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19 December
Black Friday delays Christmas footfall surge
Black Friday has delayed the expected Christmas footfall surge according to Ipsos Retail Performance, leading to the forecasted footfall for the month being revised by -1.4%. The first week of the official reporting month (w/c 24 November) saw shopper numbers swell by 20.9% on the week before thanks to the…
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19 December
WH Smith acquires Marshall Retail Group
WH Smith investors have voted in favour of the group’s acquisition of US retailer Marshall Retail Group. In a general meeting held yesterday (18 December), 99.98% of shareholders voted to acquire the group in a $400m ( £312m) deal on a cash and debt-free basis. The approved move will now…
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18 December
97% of staff are against Boxing Day trading, says Usdaw
An overwhelming majority of shop staff are opposed to Boxing Day trading, according to a new survey from workers union Usdaw. A survey of over 12,000 shopworkers, 85% of them in retail, found that 97% think that shops should be closed the day after Christmas to allow them to spend…
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18 December
Pandora appoints former Bulgari exec as new CMO
Jewellery brand Pandora has appointed former vice president of global marketing and communication, Carla Liuni, as its new chief marketing officer. Liuni is set to join the business in March and will report to CEO Alexander Lacik and will be serving on Pandora’s executive leadership team. Prior to joining Pandora,…
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