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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Sep- 2019 -5 September
Retail salaries rise in August but job vacancies fall ‘dramatically’, report reveals
Retail businesses increased pay for staff by 1.4% in August, according to new data from independent job board CV-Library. Despite this positive trend, CV-Library said the findings, which analyse job market data from August 2019 with the same period in 2018, revealed that the amount of retail jobs on offer…
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5 September
M&S appoints new head of menswear design
Marks and Spencer has appointed Burton head of design Karen Hall as its new head of menswear following the departure of James Doidge. Hall will be working with former Burton managing director Wes Taylor, who was appointed menswear director in March last year. She joins the retailer following three years…
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5 September
Dixons Carphone sales increase despite mobile sales decline
Consumer electronics retailer Dixon Carphone has reported an increase in like-for-like sales for Q1, following “strong” performance in white goods, tablets and gaming. During the 13 weeks to 27 July, UK and Ireland like-for-like sales increased by 2%. International sales also increased by 4%, with a 4% rise in the…
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4 September
Dunelm profits jump 23.4% in full-year results
Homewares retailer Dunelm has reported a 23.4% increase in profit before tax to £125.9m for the year ending 29 June 2019. The group said the increase reflects higher sales, improved gross margins and a “better operational grip”. Total like-for-like sales also increased by 10.7% during the period, with “strong” growth…
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4 September
Shares at Quiz drop following ‘tough trading’ period
Shares at fashion brand Quiz have dropped by over 10% today (4 September) after it warned about challenging conditions ahead of its AGM later today. The fashion brand has issued two profit warnings this year following ‘significant shortfall in sales. A statement from non-executive chairman Peter Cowgill said: “The challenging…
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4 September
M&S to be relegated from FTSE 100
Marks and Spencer is set to be removed from the FTSE 100 for the first time since the index launched 35 years ago, after its market value fell below the threshold for inclusion, with an announcement expected to be made later today (4 September). The retailer’s exclusion was confirmed by…
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3 September
UK back to school market to reach £1.7bn
UK shoppers are set to spend £1.7bn on back to school items in 2019, with the market forecast to grow by 1.5%, according to research by GlobalData. Stationary and school accessories are expected to be the fastest-growing categories in the back to school market, at 2.0% and 1.9%, respectively. The…
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3 September
Sports Direct wants to ‘eliminate Debenhams as a competitor’, court hears
Sports fashion retailer Sports Direct is reportedly seeking to “eliminate Debenhams as a competitor” by funding a lawsuit which would push it back into administration, the High Court heard on Monday. At the court hearing, Debenham’s lawyer, Tom Smith QC, said the retailer believed Sports Direct was “backing the case…
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3 September
Retail sales ‘flatline’ as discounting and poor footfall ‘hit hard’
Retail sales “flatlined” in August according to the BRC-KPMG sales monitor, as summer discounting and “poor” footfall hitting in-store sales “particularly hard”. On a total basis, sales were found to be flat in August, against an increase of 1.3% in August 2018. This is above the 3-month average of -0.4%…
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3 September
Arcadia COO resigns after 25 years at the group
Arcadia has confirmed that COO David Shepherd has resigned following 25 years at the group. He had begun his career on the shop floor before working his way up to oversee the running of Topman. He took on the COO role in 2012. According to a filing on Companies House,…
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