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- 2025 -21 January
Shoe Zone profits fall in ‘year of two halves’
Shoe Zone has revealed that its profit before tax fell to £10.1m for the year ended 28 September 2024, down from £16.2m in the previous year. Alongside this, the company’s revenues fell to £161.3m, down from £165.7m in the same period last year. Shoe Zone stated that the decline was…
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20 January
Quiz eyes store closures as costs mount
Quiz is reportedly considering closing up to a third of its 60-location portfolio as a way to cut costs and stabilise the business, according to The Telegraph. It comes as Quiz is also due to delist from the London Stock Exchange’s AIM market and return to private ownership, following a…
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16 January
High Streets UK launches to tackle key high street issues
Business representatives from the nation’s flagship high streets have come together to launch High Streets UK, a new partnership which aims to tackle the “most pressing” issues facing the nation’s flagship high streets. Founding members of High Streets UK include leading Business Improvement Districts from Birmingham, Bristol, Cardiff, Edinburgh, Liverpool,…
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16 January
Pepco plans to get Poundland ‘back on track’ following weak Q1 sales
Poundland owner Pepco has pledged that getting Poundland “back on track” is its key priority after sales at the discount retailer fell over the Q1 period. In the quarter ended 31 December, Poundland saw like-for-like sales fall by 7.3%, largely driven by a “continued underperformance” in clothing and general merchandise, with…
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14 January
Card Factory revenues rise 4.7% over Xmas period
Card Factory has revealed that total revenues rose by 4.7% in line with expectations in November and December, thanks to higher average basket values due to expanded ranges and sales of gifts and celebration essentials. For the 11 months to 31 December 2024, the retailer saw total sales rise 6.2%…
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13 January
Majestic hails successful festive sales performance
Majestic has reported a 1.9% rise in total sales during the six-week period to 30 December 2024, beating its previous record for Christmas sales set a year prior. The wine retailer’s performance was boosted by the opening of seven new stores during 2024 and the “strong” growth of its specialist…
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8 January
Seasalt Cornwall sales jump by 10% over Xmas season
Seasalt Cornwall has reported that total sales rose by 10% across its website, physical stores, marketplace partners and wholesale channels during the five-week period to 28 December 2024 compared with the same period last year. According to the clothing retailer, every one of its trading channels has set new records…
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8 January
Mamas and Papas to open more stores after ‘record’ festive sales
High street nursery brand, Mamas and Papas, has seen its sales across stores, online and wholesale channels rise by a “record” 5% over the 13-week period to 29 December, driven by a strong performance from the retailer’s UK and overseas markets. Retail sales were up by 8% in the overall…
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7 January
BRC warns of 2025 falling sales volume despite December sales growth
The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total retail sales experienced in December 2024. UK total retail sales in December 2024 increased by 3.2% year on year, against a growth of 1.9% in December 2023, according to new…
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2 January
Footfall sees marginal YOY rise in December
Footfall in UK retail destinations was marginally higher by +0.4% in all UK retail destinations during the month of December, according to the latest data from MRI Software. This was driven by a +1.2% rise in retail park activity and a +0.3% increase in high streets, however shopping centres saw…
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