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 -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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22 July
Former Ted Baker boss considering private equity buy-out
Ray Kelvin, founder and former CEO of Ted Baker, is rumoured to be considering a private equity buy-out of the company, according to the Mail on Sunday. The move would take the retailer private under its current management, and comes after Kelvin resigned from his position as CEO and director…
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19 July
Capital and Regional appoints former Debenhams director
Retail property investors Capital and Regional, has appointed former Debenhams director of group property as its new commercial director. Prior to taking the role, he worked at the company as a consultant, and has since been working alongside its senior leadership team to support the company’s community strategy. Hadfield will…
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18 July
Asos issues profit warning amid ‘operational issues’
Online retailer Asos has issued its third profit warning this year, on the release of its trading statement for the four months up to 30 June. The retailer cited “operational issues” as one of the contributing factors to the profit warnings, and the expected steep decline in profits. The retailer…
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18 July
Hotel Chocolat revenues jump 14%
Chocolate retailer Hotel Chocolat Group has reported a 14% increase in revenue to £132m for the year ending 30 June 2019. The retailer opened 16 new stores in the year contributing 5% to group sales year-on-year. Two of the new openings were in the USA, and the group also entered…
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17 July
Nine retailers to open on Broadgate development
Nine retailers are set to open stores on the Broadgate development just outside Liverpool Street Station. Chocolatier, Charbonnel et Walker is returning to the area, and clothing retailer Gant is also opening its first ever east London store. The stores will be joined by skincare brands Kiehl’s, Neom and The…
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