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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Jan- 2018 -16 January
Greggs to open more stores following profitable 2017
Greggs is planning to open as many as 130 new stores across the country following a 7.4% total sales increase in 2017. Company-managed shops saw like-for-like sales increase by 3.7% over the year, and in Q4 sales were up by 3%. Greggs said the sales were driven by its “classic…
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15 January
High street sees sharpest footfall decline in four years
New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest decline since March 2013. Total UK retail footfall fell by 3.5% compared with December 2016, while the high street saw a sharper drop, down by 4.6%. Shopping centres suffered a…
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11 January
Marks and Spencer sales take a hit over Christmas
The all-important festive season yield disappointing results for Marks and Spencer at the end of 2017 as sales fell 1.4% during the period. Like-for-like revenues fell 1.4% in the 13 weeks to 30 December, with clothing and homeware down 2.8% and food down by 0.4%. Steve Rowe, chief executive said:…
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10 January
Moss Bros profit warning amid Christmas footfall drop
A disappointing performance during the Christmas period with drops in sales and footfall has forced Moss Bros to cut its profit forecast for the year. The menswear retailer said in a trading update for the 26 weeks to January 6 that, during the peak Christmas trading season throughout December, like-for-like…
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10 January
Ted Baker Christmas sales up 9%
Designer clothing retailer, Ted Baker, has reported strong sales growth of 9% over the Christmas period in 2017, boosted by an increase in online purchases. Online sales increased by 35%, accounting for 30.1% of the brand’s total retail sales for the eight-week period from 12 November 2017 to 6 January…
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