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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Apr- 2018 -5 April
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the support of brewer AB InBev. C&C was in early morning talks with Conviviality on 4 April, and by the end…
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4 April
Mothercare CEO shock resignation
Mark Newton-Jones abruptly resigned from the position of CEO of Mothercare this morning as the embattled retail chain seeks to stabilise. The firm announced the appointment of David Wood as CEO with immediate effect, but the news of Newton-Jones’ departure caused the group’s share price to fall 2.3% in morning…
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4 April
UK shop prices plummet to lowest point in a year
UK shop prices in March fell at their fastest rate since February 2017. Deflation in non-food prices decreased at a rate of 1.9% in March, according to the British Retail Consortium. Food inflation slowed down substantially in March, inflation standing at 0.4%, down from 1.6% in February. This is the…
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3 April
Conviviality may face legal action from investors
Investors in Conviviality are considering the possibility of legal action against the board of the company amid claims they were misled over its financial health. According to The Times, the rapid demise of the drinks retailer has provoked suspicions about when the board first had concerns over its trading and…
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3 April
21,000 retail jobs lost or threatened so far this year
Over 21,000 jobs have been axed or put at risk in the first three months of the year as retailers struggle to break even. A Press Association analysis revealed that 21,413 staff members have already been made redundant or had their role threatened, with the majority being from large high-street…
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1 April
Clas Ohlson To Sell Fresh Bottled ‘Swedish Air’
To mark the brand’s 100th year birthday, homeware brand Clas Ohlson announces has today announced that it is launching going to sell bottled Swedish Air, a take away container of pure, Swedish air for British consumers to enjoy. Clas Ohlson has been synonymous with Swedish culture since its opening in…
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Mar- 2018 -29 March
‘Beast from the East’ chills retail sales
Year-on-year sales volumes declined for the first time since October 2017, according to CBI’s latest monthly Distributive Trades Survey. Additionally, sales for the time of year were significantly below normal, and by the greatest extent since April 2013. The volume of orders placed with suppliers, meanwhile, was broadly unchanged. Sales…
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29 March
A quarter of SME retailers expect to see Easter sales increase
A quarter of SME retailers expect to see an increase in sales activity over the Easter bank holiday weekend, according to a study commissioned by Royal Mail. DIY items, electronics and alcohol are the products that most SME retailers expect will sell well over the Easter bank holiday weekend. The…
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29 March
Conviviality administration announcement puts 2500 jobs in danger
Bargain Booze owner Conviviality has announced plans to file for administration within the next two weeks, after failing to secure a proposed £125m fundraising bid to avert bankruptcy. The unexpected £30m tax bill led to a suspension of the off-licence retailer’s shares on the junior market and the cancellation…
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28 March
Nominations open for Barclaycard Everywoman Retail Awards
Nominations for the Barclaycard everywoman in Retail Awards are now open with new categories. The awards were launched to increase awareness of the ‘diverse range of opportunities for women in retail, by shining the spotlight on role models and inspiring more women to consider a career in retail’. This year’s…
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