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- 2024 -17 April
BRC calls on PCC candidates to ‘get tough’ on retail crime
The British Retail Consortium (BRC) has called on Police and Crime Commissioner (PCC) candidates to commit to three pledges that would support the fight against “spiralling” retail crime ahead of local elections on 2 May. As part of its #GetToughOnRetailCrime campaign, the three pledges are as follows: Make retail crime…
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15 April
Trudon candlemaker to open debut store in Covent Garden
Covent Garden’s Seven Dials is set to welcome heritage candlemaker Trudon for its UK bricks-and-mortar debut. Trudon, the luxury French candlemaker which was founded in 1643, is the oldest, active candlemaker in the world and together with Shaftesbury Capital, will launch the UK debut store this June. Manufactured in Normandy…
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12 April
Majestic Wines owner Fortress acquires Poundstretcher
Poundstretcher has been acquired by Fortress, owner of Majestic Wines, after owner Aziz Tayub retired. As part of the transaction former Morrisons group commercial director Andy Atkinson has been appointed as the company’s CEO and Tristan Phillips will resume his role as CFO. Furthermore, Trevor Strain, former Morrisons operating and…
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11 April
Majestic to debut on the Channel Islands with Jersey store
Majestic has unveiled plans to expand into the Channel Islands with the opening of a store in The Powerhouse, on Queen’s Road, Jersey, on 30 April. The news comes as the retailer doubles down on its investment into bricks and mortar trading. Majestic has agreed a lease on the 5,695…
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11 April
Pepco LFL sales dip 2.5% in H1 amid tough comparatives
Poundland owner Pepco Group has reported that group revenues on a constant currency basis rose by 11.1% to £2.73bn (€3.2bn), though on a like-for-like basis revenues dipped by 2.5% in the half-year ending 31 March 2024. The group has attributed its like-for-like sales performance during the period to a tough…
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11 April
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been completely transformed after months of renovations and is now open to customers. The new design boasts a “smart”, “contemporary”, and “warm” environment across three floors. For those looking to check…
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9 April
Ted Baker to close 11 stores
The joint administrators of No Ordinary Designer Label Limited (NODL), retailers of the Ted Baker brand in the UK and Europe, have announced that 11 stores will close and cease trading by 19 April. News of the closures follows the appointment of Benji Dymant and Daniel Smith of Teneo Financial…
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8 April
Number of retailers going insolvent jumps to 2,195, says Mazars
The number of insolvencies of retailers increased 19% in the past year to 2,195 in 2023/24, up from 1,843 in 2022/23, Mazars, the international audit, tax and advisory firm has found. High profile retail insolvencies include The Body Shop in February, as well as fashion brand Ted Baker and online…
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5 April
Mango teams up with Victoria Beckham for new capsule collection
Mango is teaming up with Victoria Beckham to launch a new capsule collection, which will be available internationally on April 23, 2024. Victoria Beckham x Mango has been designed by Beckham and reflects the essence of the designer’s label, considered the “perfect blend of classic British luxury with a subtle…
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5 April
The Works shareholders vote to exit main stock exchange
The Works has announced that its shareholders voted to transfer shares from the main market of London’s Stock Exchange to its sub-market AIM, as a cost-reducing measure. This latest move was the outcome of the retailer’s latest AGM that was held yesterday (4 April). Almost all shareholders – 99.7% –…
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