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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Aug- 2018 -2 August
Scotland sees ‘disappointing’ retail sales rise
Scottish government figures have found that retail sales in the country have risen by 0.3% between April and June compared with the three previous months. The UK as a whole saw a retail rise in sales volume of 2.8% according to the Office of National Statistics (ONS), the value of…
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1 August
C.banner pulls out of House of Fraser rescue
C.banner has pulled out its House of Fraser rescue deal worth £150m due to a dive in its share price. The Hamley’s owner said the deal had been “rendered impracticable and inadvisable” following the fall. House of Fraser is now urgently seeking a £50m investment in order to avoid collapse.…
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1 August
Zara unveils new delivery plans to compete with Asos and Boohoo
Zara has announced new delivery plans in order to compete with Asos and Boohoo, the new plans will see it combine its physical and online inventories. The combined inventories will mean items will be shipped from stores, with customers who live closer to stores will be able to get their…
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1 August
Next sales grow 2.8% but shares slump
Next’s shares slumped 6% in early trading, despite the retailer reporting sales growth of 2.8% – boosted by the hot weather – in its latest results. The clothing retailer said in its trading update for the 12 weeks ending 28 July online sales were up 12.5%, but in its retail…
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Jul- 2018 -31 July
Games Workshop sees profit increase of £32m
Games Workshop has announced a pre-tax profit rise from £38.4m in the previous financial year to £74.5m in 2018. The hobby retailer also saw a £42m rise in revenue from £158m to £220m over the same period. Operating profit before receivable royalties also saw a large rise from £38.3m up…
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30 July
Starbucks launches 5p cup charge in UK
Starbucks is rolling out a 5p paper cup charge in all 950 UK stores, following a three-month trial in London. The company has added the 5p charge to all beverages served in a plastic cup, and customers who bring a reusable cup in-store will be eligible for the existing 25p…
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30 July
Marks and Spencer partners with Decoded to launch ‘Data Academy’ for staff
Marks and Spencer has announced it has partnered with technology specialists Decoded to create the world’s first ‘Data Academy’ in retail. The launch of the new academy is part of the ongoing transformation of M&S, as it aims to place “digital at the heart of its business”. The M&S Data…
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26 July
Fifth of UK retailers plan to axe jobs in the next three months
New research has found that almost a fifth of UK retailers are planning to cut staff in the next three months. The research by the British Retail Consortium (BRC) found that the number of people employed in the UK retail sector had fallen by nearly 3% in the last three…
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26 July
Retail hours worked drops ‘sharply’ in second quarter
The number of hours worked in the retail industry dropped by an average of 2.8% in the three months to July, as staff seek “greater flexibility in their workforces”. The British Retail Consortium’s (BRC) latest retail employment monitor shows hours worked by employees on full time contracts dropped more sharply…
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26 July
Omnichannel experience ‘key to survival of high street’, shoppers say
Over 52% of shoppers in the UK believe that retailers need to offer a more seamless experience between online and offline commerce to retain their custom. This was one of the key findings from a survey of 1,000 shoppers, conducted by full service e-commerce agency, PushON, which stated that retailers…
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