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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Jul- 2019 -30 July
Cath Kidston global commerce director joins Boots
Lynn Ritson, global commerce director at fashion and lifestyle brand Cath Kidston has left the company after five years, to join Walgreens Boots Alliance as its new global digital editor. Ritson previously worked at Karen Millen for three years as e-commerce director and then brand communications director from 2012-2014. Ritson…
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29 July
Sports Direct hit with €674m tax bill from Belgian authorities
Shares in sports fashion retailer Sports Direct plummeted by as much as 27% to 166.6p in early trading today, later recovering to 208p, following its chaotic results announcement last Friday (26 July). The results were expected to have been announced at 7am ahead of the market opening, less than an…
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29 July
Primark to push for reduction in rent
Fashion brand Primark is pushing for a reduction in rents at stores, after a number of competitors have secured rental reductions via CVAs this year. The retailer is pushing for a 30% reduction in rates on stores where leases have several years left to run, and is offering to invest…
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26 July
Superdry appoints two new board members
Superdry has appointed two new members to its board, with Georgina Harvey and Faisal Galaria taking on the roles from 29 July. Harvey is an experienced non-executive director, who is senior independent director and chair of the remuneration committee of McColls Retail Group. She will also chair the remuneration committee…
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25 July
CMA launches probe of JD Sports’ acquisition of Footasylum
The Competition and Markets Authority (CMA) has begun its inquiry into JD Sports’ acquisition of footwear retailer, Footasylum. Phase 1 of the inquiry, will look to determine if the takeover could result in “a substantial lessening of competition in any market”. The CMA also said it has “reasonable grounds” for…
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24 July
Wyevale to sell sale six more centres to Blue Diamond
Wyevale Garden Centres (WGC) has announced the sale of six centres to Blue Diamond, following the sale of nine centres to the operator in July and August 2018. Blue Diamond owns 36 centres, includes the sites at Blooms Worcester, Canterbury Chartham, Hereford, Lower Morden, Rake and Tunbridge Wells. All sites…
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24 July
B&M revenues surge during first quarter
Discount retailer B&M has posted a revenue growth of 13.8 in Q1. Revenue relating to the period from 31 March 2019 to 29 June 2019 was £738.9m, compared with £649.2m for the same period last year. Group revenue, which includes brands Heron Foods, Jawoll and Babou increased by 21.4% to…
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23 July
Lego Group to open two new stores this year
The Lego Group is bringing two new stores to Birmingham’s Bull Ring and Southampton West Quay Shopping Centre. The two stores are planned to open just before the Christmas season, and the retailer claims the stores will have the “widest selection” of the latest Lego sets and a host of…
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23 July
McColl’s profits plummet by 91%
Convenience store and newsagents McColl’s has reported a 91% decline in pre-tax profits for the six months to 26 May, to £200,000. The profit drop is in spite of a 1% increase in like-for-like sales and a small increase in total revenue. Net debt also reduced to £89.7m from £112.6m…
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22 July
Philip Day places bid for Jack Wills
Edinburgh Woollen Mill owner Philip Day has put in an initial bid to acquire fashion retailer Jack Wills. It has also been reported that the company’s owner BlueGem is considering bids from other groups, including Marquee Brands – owner of Ben Sherman, Sports Direct and Johan Eliasch, owner of sportswear…
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