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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Dec- 2018 -4 December
Footfall slumps following Black Friday weekend
High street footfall slumped by 5.5% in the week following the Black Friday weekend, according to figures from retail analysts Springboard. The group said the decline was “inevitably”, given that the week followed directly on from the “furore of Black Friday and included the online focussed Cyber Monday”. Furthermore, all…
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3 December
240 Crawshaw jobs saved following £1.4m deal
As many as 240 jobs at meat retailer Crawshaw have been saved following a £1.4m deal which will see its last 19 stores sold to butchery chain Tom Cribbin for £1.4m. Last month, Crawshaw announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaw…
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3 December
McColl’s posts second profit warning amid ‘unprecedented supply chain disruption’
Convenience retailer McColl’s has announced that full-year profits are to come in below expectations as a result of “unprecedented supply chain disruption” following the collapse of supplier Palmer & Harvey. In light of “transitional challenges and continued difficult trading conditions”, McColl’s announced adjusted EBITDA for FY18 is now expected to…
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Nov- 2018 -30 November
Retailers ‘unprepared’ for a ‘no-deal’ Brexit, warn analysts
An industry-wide survey has revealed that over a third of retailers indicated they have ‘done little to no preparation’ or feel ‘very underprepared’. According to the research by retail analytics firm Retail Economics, top retailer concerns for a no-deal scenario were supply chain management (64%), availability and cost of labour…
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29 November
The Range bans under-18s from shopping alone in its stores
Homewares retailer The Range has banned under-18s from shopping alone in its stores, “due to the products on sale in store”. A backlash began in Wales after two 17-year-olds were kicked out of the chain’s Rhyl store whilst shopping for Christmas presents. The teenagers’ mother, Karen Jayne, took to the…
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28 November
Primark, Topshop and ASOS defend practices in Parliament
Primark, Arcadia, ASOS were among some of the retailers who had executives and representatives appear before the Environmental Audit Committee to answer questions on sustainability in their businesses. This was part of the Environmental Audit Committee’s ongoing inquiry into the sustainability of the fashion industry. Representatives from Marks and Spencer,…
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28 November
Retail sales warm in November
Retail sales growth picked up in the year to November after growth largely stalled in October, according to figures from the Confederation of British Industry (CBI). However, the group said retailers are “feeling the pinch”, with continued weakness in investment intentions, employment, and business optimism. That’s according to the latest…
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28 November
H&M to scrap Cheap Monday brand leaving 80 jobs affected
H&M has announced it is to close down its Cheap Monday brand blaming “a negative trend in the Cheap Monday’s sales and profits over a long time”. The fashion retailer said the fashion industry is “in a period of extensive change as a result of ongoing digitalisation” and as such…
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27 November
Pets at Home suffers 80% drop in pre-tax profits
Pet retailer Pets at Home has reported an 80.5% drop in pre-tax profits from £40.8m to £8m in its financial results for the 28 weeks from 30 March to 11 October 2018. The company attributed its performance to “increasing cost pressures” faced by its veterinary business. The company said it…
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26 November
Black Friday provided ‘little benefit to struggling high street’
This year’s Black Friday has done “little to help the struggling bricks-and-mortar stores throughout the UK”, according to data from Springboard. The group, which provides insights on retail performance, said overall footfall declined by 5.4% from Black Friday 2017, with declines of similar magnitudes throughout the weekend from last year…
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