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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May- 2019 -7 May
New Look reduces debts by £1bn
Fashion retailer New Look has announced it has reduced existing long term debt by £1bn to £350m, as part of…
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3 May
Sports Direct facing probe from financial regulators
Sports Direct is facing scrutiny from two financial regulators over its accounts and information relating to a possible bid for…
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Apr- 2019 -29 April
Arcadia secures help from HSBC
Arcadia, which is owned by Phillip Green, has secured help from HSBC in order to reassure suppliers as the retailer…
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29 April
Retail rents fall as pressure on sector continues
High street shop prime rents fell by 1% in the first quarter of the year, according to real estate company…
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24 April
Majestic Wine could sell all UK stores as it moves online
Specialist wine retailer Majestic Wine could sell all 200 of its UK stores as the business prepares to move its…
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23 April
Hot weather increases high street footfall over Easter weekend
High street footfall over the Easter bank holiday weekend increased by 6.5% on Friday, 1.2% on Saturday and 8.4% by…
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17 April
Over 100 Whitbread jobs face axe following Costa sale
Around 100 jobs are expected to be cut at the head office of Whitbread following the sale of Costa Coffee…
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16 April
Card Factory profits fall as footfall hits LFL sales
Card Factory has reported in its latest full-year results that profit before tax fell by 8.3% to £66.6m as its…
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16 April
JD Sports reports ‘record’ 15.4% profits jump
Sportswear retailer JD Sports has reported a 15.4% increase in pre-tax profits to £339.9m for the year ending 2 February…
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15 April
Mike Ashley warned over plans for retail ‘oligopoly’
Former Marks and Spencer boss Lord Stuart Rose has warned Mike Ashley over plans for a retail ‘oligopoly’, following his…
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