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- 2018 -8 October
French Connection considering a potential sale
French Connection has confirmed it is considering the potential sale of the business as it is currently “reviewing all strategic options”. In a statement to the London Stock Exchange on Monday (8 October) the fashion retailer set out its position following reports over the weekend, and also added that there…
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8 October
Footfall continues to fall in September
Footfall continued on its decline in September, according to the Ipsos Retail Performance Weathermap. All regions saw a year-on-year drop in footfall, with Scotland and Northern Ireland recording a 3.3% decline and northern England seeing 5.5% less retail visitors. The Midlands, south west England and Wales and London and the…
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4 October
Ten retailers defying high street blues in 2018
This year will likely go down in history as a turning point for high street retail in the UK, with a slew of firms going under, announcing job losses, store closures, or just going under completely. We have put together a list of those which, despite the blues, are making…
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4 October
3,200 stores ‘disappear’ from high street in four years
The number of physical shops in the UK has fallen by almost 3,200 over the past four years, down 1.2% to 263,070. According to the British Retail Consortium (BRC) the reason for the decline is down to a “transformation” of the industry, driven by changes in shopping habits, new technology,…
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3 October
Toys R’ Us to rise from the dead
Toys R’ Us is rumoured to be revived after an auction for its brand and rights was cancelled with a group of investors which originally ended the toy retailer’s reorganisation in April. According to documents obtained by the Wall Street Journal, the group has plans for “a new, operating Toys…
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2 October
M&S launches checkout free ‘Mobile, Pay, Go’ service
Marks and Spencer has launched a new “checkout free” service called ‘Mobile, Pay, Go’ at six London stores ahead of Christmas, allowing customers to pick up lunch in “under 40 seconds”. The retailer will roll out the service, previously trialled in its Edgware Road and Waterside stores to West Hampstead,…
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1 October
New West End Company calls for £5bn business rate reduction
The New West End Company, which represents retailers in London’s West End has called for a £5bn reduction in business rates, financed by a 1% tax on online retailers. This week’s Conservative Party conference has seen representatives of the organisation lobbying for the reduction. Businesses across the West End will…
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1 October
Business rates could be changed to help retailers, says Greg Clark
Secretary of state for business Greg Clark has admitted that business rates could be changed in order to help high street retailers. Clark told a fringe event at the Conservative party conference that a change in business rates would be “one way” of recognising the role that high street retailers…
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Sep- 2018 -28 September
Coroner calls Pret a Manger labelling ‘inadequate’ in allergy death
Pret A Manger’s allergy labelling has been deemed “inadequate” by the coroner investigating the death of a 15-year-old girl who died of an allergic reaction to a baguette she purchased from the store. Natasha Ednan-Laperouse, 15, went into cardiac arrest on board a flightn to Nice after buying a sandwich…
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27 September
One in four UK small retail businesses ‘fearful’ of Brexit, research finds
A quarter of small UK retail businesses admit they are “fearful” of Brexit, data from YouGov analysed by Vend has revealed. The retail software management company accessed a research sample of over 1,000 senior managers in the retail sector, working at organisations with fewer than 20 staff, on YouGov’s ‘profiles…
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