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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Dec- 2019 -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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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2 December
One in five small retailers set to close after Christmas
A new survey from Notonthehighstreet has reported more than one in five small retailers said they will close its stores in the next year if Christmas is below average. It was revealed that 22% of small and medium-sized retailers thought they would close within a 12 months amid a poor…
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2 December
Holland & Barrett owner urged to provide cash injection
Billionaire Mikhail Fridman is reportedly under pressure from lenders to inject cash into Holland and Barrett, following a turn down in performance. According to The Telegraph, Friedman is under pressure as bondholders were warned of a “sharp slowdown” in returns from its 767 stores by CEO Tony Buffin. City sources…
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