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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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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25 July
Number of retail staff working nights doubles
New research has found that the number of retail staff working regular night shifts has increased by 50%. The research by the Office of National Statistics (ONS) found that between 2007 and 2017 the number of retail workers who worked nights as a regular shift pattern increased by 50%. According…
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25 July
Joules continues to defy retail gloom as sales and profits rise
British clothing retailer Joules has continued to defy the high street gloom by reporting double-digit growth in both revenue and profits. In its full-year results ending 27 May Joules posted group revenue of £185.9m, up 18% when compared with the £157m reported the previous year. Group revenue was boosted by…
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24 July
Retail sales buoyed by England football frenzy
Retail sales during the Football World Cup tournament increased on the days that England played, according to data from a retail software company. Vend figures showed sales grew by 6% when England played despite the 11% average decrease in retail sales compared with the previous month, throughout the tournament. Data…
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24 July
Marks and Spencer partners with Founders Factory to invest in retail startups
Marks and Spencer and Founders Factory have partnered for the launch of Founders Factory Retail, a joint venture focused on investing and growing startups. Marks and Spencer will become Founders Factory’s exclusive UK retail partner, investing in a number of startups sourced through Founders Factory’s global network as part of…
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