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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Oct- 2024 -29 October
Jollyes appoints new COO
Jollyes has announced the appointment of Adam Dury as its new chief operating officer effective January. For the last five years Dury has been chief commercial officer at Card Factory plc and a key member of its group operating board. Prior to Card Factory, he worked in commercial roles at…
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21 October
WHSmith stores to sell vinyl records for first time in 30 years
WHSmith has revealed it is to start selling vinyl records in 80 of its high street stores across the UK in response to growing customer demand. Stores including Canterbury, Chester, Edinburgh Gyle and York will stock a selection of chart hits and classic albums on vinyl, from Taylor Swift to…
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21 October
Retail Trust launches training to help shop staff combat rising abuse
The Retail Trust is set to launch free training for shop workers next month to help them combat an “expected rise” in abusive customer behaviour ahead of the busy festive period.It comes as new research from the charity found that one in three shop staff face weekly abuse from shoppers,…
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18 October
Mothercare secures refinancing deal amid Asia expansion plans
Mothercare has agreed a deal that will see it refinance its existing debt facilities with investment firm Gordon Brothers, whilst forming a new joint venture with Reliance Brands UK that will see it expand into Asia. The company secured debt facilities of £8m – taken together with the gross consideration…
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17 October
Snapchat debuts immersive AR ‘high-street’ with Boots and Depop
Snapchat has announced the launch of an all-new immersive high-street experience, Snap Street, set to open in East London this October. The Ely’s Yard building in Brick Lane will be transformed into an actual indoor ‘high-street’ with shop-fronts showing off the state-of-the-art Augmented Reality (AR) experiences available on Snapchat –…
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15 October
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth plans. Miles Foster joins the executive team as group operations director after a 35-year career at Morrisons. In his new role, he will lead over 300 stores and oversee the stores…
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14 October
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax would hit retailers, leisure and hospitality firms, The Guardian has reported. In an open letter coordinated by the British Retail Consortium, CEOs have called on the government to introduce a…
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2 October
JD Sports profits drop 64.3% in H1 despite record sales of £5bn
JD Sports has reported that its profit before tax fell by 64.3% to £126m during the 26 weeks to 3 August, despite revenues rising 5.2% to a record £5bn in the period. The group’s rise in revenues was partially bolstered by £61m from 10 days of trading from Hibbett, following…
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1 October
The Works ‘well-positioned’ for Xmas despite PBT drop
The Works has seen its profit-before-tax fall to £6.9m for the year ended 5 May 2024, down from £9m last year. Despite this, the company believes it is “well-positioned” for profit growth in FY25, especially as it enters the Christmas period. The company’s revenue edged up 0.9% to £282.6m compared…
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1 October
Greggs sales rise 10.6% in Q3
Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like sales in company-managed shops rose by 5% against the same period last year. According to the high street bakery chain, September proved to be the strongest month of the quarter,…
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