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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Jun- 2019 -24 June
Pensions Regulator boss to face questions over Arcadia deal
The Pension Regulator (TPR) boss, Charles Counsell is set to appear in front of the Work and Pensions Committee, regarding the settlement with Arcadia boss Philip Green last month. The agreement, saw Green pledge an extra £25m per year to its company pension fund for three years, while in return…
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21 June
Usdaw to protest at Boohoo AGM
Retail trade union The Union of Shop, Distributive and Allied Workers (Usdaw) is set to protest Boohoo’s AGM today, (21 June) over the company’s refusal to meet over ethical trading. The protest will take place at Boohoo’s HQ on Dale Street in Manchester, and at its AGM on Hardman Square,…
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20 June
Dunelm raises profit forecast for second time
Dunelm Group has announced it has continued to see “strong trading” across its business and has decided to raise its profit forecast for the second time this year. Since its last update on 10 April 2019 the home furnishings retailer said it has experienced “very good year-on-year total like for…
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20 June
Wyevale Garden Centres agrees sale of 11 stores
Gardening retailer Wyevale Garden Centres (WGC) has announced the sale of a further 11 centres, in four separate transactions to British Garden Centres (BGC), The Plant Area Limited, Coolings Garden Centres and Maidenhead Aquatics. BGC will acquire eight centres: Albrighton, Birchencliffe, Bressingham, Gardenlands, Hemel Hempstead, Louth, Tarporley and Wolseley Bridge,…
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19 June
Over 75% of retail workers haven’t had a pay rise in the last year
New research conducted by independent job board CV-Library, revealed 78% of retail workers haven’t had a formal pay review meeting in the past year. This has resulted in just 15% of workers in the industry receiving a pay rise over the last 12 months, despite not being offered an annual…
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19 June
Dreams posts sales and profits growth for fifth consecutive year
Bed retailer Dreams has reported an increase in both sales and profits for the fifth consecutive year. In its full-year results for the year ending 24 december 2018, Dreams recorded a 2.9% increase in sales to £309m, up from £300m the previous year. Group profits before tax was also up…
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19 June
Mulberry swings to £5m loss in 2018
Handbag retailer Mulberry has reported losses before tax of £5m for the year ending 30 March 2019. Revenue decreased by £3.4m to £166.3m during the year, and the retailer said the disruption from the House of Fraser administration “materially affected” the group’s UK performance. Despite this, Mulberry saw revenues increase…
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18 June
H&M sales jump 11% in Q2 results
Fashion retailer H&M has reported an 11% increase in net sales to 57.4bn in Swedish kroner (£4.8bn) in its Q2 results, compared with the sales rise of 2% seen during the same period last year. It is the fifth straight quarter of consistent sales growth for the company, but despite…
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18 June
Former BHS owner in court over tax evasion allegations
Former BHS owner Dominic Chappell is to appear in court today (18 June) on accusations of tax evasion in relation to a finance company at which he was the director. Chappell is due to appear at the City of London Magistrates Court, facing three charges of cheating the public revenue…
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17 June
Jigsaw appoints new board members
Retail brand Jigsaw, has appointed four new members to its board, after £20m investment saved the company last year. Despina Don-Wauchope, a former head of finance at property group Land Securities, has been appointed as the company’s new finance director. Richard Walker, a non executive director at car dealership chain…
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