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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Nov- 2024 -25 November
BRC urges public to give retail workers gift of a ‘safe Christmas’
Ahead of Black Friday and the busy festive period, the British Retail Consortium (BRC) and its retail members are calling on the public to “stand together against violence and abuse towards retail workers this Christmas”. The BRC said Christmas is an “incredibly complex and challenging time of year” for the…
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25 November
Ann Summers owners explore options amid widening losses
The owners of Ann Summers, the Gold family, are reportedly lining up Interpath Advisory to explore options for the high street retailer, which could include a partial or majority sale, according to Sky News. This comes after it was found last week (20 November) that the owners had stepped in…
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20 November
Ann Summers receives £5m cash injection from owners
Ann Summers had reportedly received a cash injection from its owners, the Gold family, with the aim of mitigating its widening losses, according to The Telegraph. Chairman Vanessa Gold, who took over the role after the death of sister Jacqueline Gold, reportedly initiated a £5m cash call to help the…
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19 November
Ikea to open Oxford Street pop-up ahead of 2025 flagship launch
Ikea has announced it is set to open a new ‘Hus of FRAKTA’ pop-up on London’s Oxford street on the 28th November, as it prepares for its flagship store launch next year. The pop-up is dedicated to “one of the most iconic symbols” of the IKEA brand, the blue FRAKTA…
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15 November
B&M revenues rise 3.7% to £2.6m in H1
B&M has reported that group revenues rose by 3.7% to £2.6m for the 26-week period to 28 September, as UK revenues also reached £2.1m during the period. It comes as the retailer’s total UK sales growth improved across the half by 6% in the second quarter, spelling an appreciable increase…
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13 November
Boots website crashes amid ‘biggest ever’ Black Friday sale
Boots’ app and website repeatedly crashed during its “biggest ever” Black Friday sale this week.According to The Telegraph, customers complained that they had been locked out of Boots’s website yesterday (12 November), while others said its app was failing to load. The website reportedly crashed for around 30 minutes before…
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12 November
Majestic Wine partners with The Range for new Plymouth opening
Majestic Wine has partnered with The Range to launch its first store in Plymouth. The wine retailer opened the doors to the 4,400 sq ft shop on the ground floor of The Range’s head office in Derriford, after signing a deal to sublet space within the building. The store is…
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12 November
Apparel Brands acquires kidswear brand Hype
Apparel Brands has announced its acquisition of kids backpack and streetwear label, Hype, for an undisclosed amount. As a result of this deal, Hype will begin a new strategic direction that aims to turn it into a “leading” brand for kids and families. Meanwhile, the acquisition strengthens Apparel Brands’ position…
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7 November
Pandora delivers 11% organic growth in Q3
Pandora has welcomed organic growth of 11% in its third quarter, as like-for-like sales grew by 7% to 6.1bn DKK (£681m), and operating profit rose to 980m DKK (£109m), up from 920m DKK (£102m) the prior year. Like-for-like growth in key European markets hit 4%, while growth in the US…
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Oct- 2024 -29 October
New Look pre-tax losses narrow despite fall in FY sales
New Look has reported that its pre-tax losses narrowed from £87.8m to £21.7m for the year to 30 March, despite sales dropping 8.9% to £769.2m due to store closures and “tough” trading conditions. During the period, New Look saw retail revenues fall by 11.5% to £555.1m, which was impacted by…
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