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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Jun- 2018 -11 June
Henri Lloyd enters administration with 31 stores set to close
Henri Lloyd has announced it has entered administration which will see 31 stores close and a large amount of jobs at risk. RSM, Henri Lloyd’s administrators blamed “challenging trading conditions on the High Street” for the waterproof clothing company’s demise. House of Fraser, who have suffered retail struggles of their…
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11 June
Retail footfall returns to high street
High street footfall increased to 0.5% in May according to the latest BRC-Springboard Footfall and Vacancies Monitor. According to the report May’s better weather resulted in a marginal improvement in footfall across the nation’s high street and out-of-town shopping areas, but it wasn’t enough to overcome the long term trend…
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11 June
Poundworld rescue talks collapse putting 5,000 jobs at risk
Poundworld is expected to appoint administrators today after last-ditch rescue talks collapsed leaving over 5,000 jobs at risk. The discount retailer’s talks with potential buyer R Capital have collapsed only days after a deal with another investor, Alteri Investors, was also scrapped. This has led to its owner’s American equity…
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8 June
Tesco CEO blames business rates for decline of the high street
Dave Lewis the CEO of Tesco has said that business rates have played a “large part” in the decline of many high street retailers. Lewis questioned whether the rise of business rates created an “uneven playing field” for some retailers. Last year’s restructure of business rates saw rises for some…
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7 June
Pride In London’s pop-up shop opens for business
Pride in London’s pop up shop will welcome the month of Pride Festival as it opens on Old Compton Street. Pride in London, donated by sponsor Shaftesbury, will act as a community hub by creating a safe space for those wanting to find out more about the Pride movement as…
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7 June
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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6 June
Poundworld buyer pulls out
The future of discount retailer Poundworld has been cast into doubt following Alteri Investors withdrawal from their buyout. Other bidders are queuing up however with founder Chris Edwards rumoured to be considering re-acquiring the 355-store chain. He sold the chain to TPG for £150m and then took over at rivals…
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6 June
Silks ad that ‘objectified women’ banned
A poster advert for Scottish lingerie retailer Silks has been banned by the Advertising Standards Authority (ASA) for “objectifying women” after it showed an image of a woman leaning forwards to emphasise her breasts with her head out of shot. This morning’s ASA ruling said that the advert “invited viewers…
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6 June
WHSmith Q3 sales boosted by travel business
WHSmith has posted an uptick in Q3 sales driven by the continued growth of its travel business. In the 13-week period ending 2 June, the bookseller and newsagent chain’s total group sales were up 4% with like-for-like sales up 1% compared with last year. Travel business total sales were up…
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5 June
H&M to change clothes sizes following customer complaints
Fashion retailer H&M says its clothes are to become bigger after several customers complained about their small size. One customer said on Twitter: “I remember trying on a size 12 shorts in H&M that wouldn’t even go over my knees, size 16 didn’t either. I gave up shopping there after…
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