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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Mar- 2024 -15 March
Ann Summers appoints finance director amid CFO retirement
Ann Summers has announced that Kristina Moln-Page has been promoted to the role of finance director, effective from 1 July 2024. She will succeed John Boyle, who will be retiring as chief financial officer after working for Ann Summers for 11 years. Moln-Page will have responsibility for the finance and…
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15 March
WH Smith appoints new CFO
WH Smith has appointed Max Izzard as its latest CFO, following the news that Robert Moorhead is set to retire as CFO and COO after more than 20 years with the business. Izzard is currently SVP of group and corporate finance at Burberry. He will join the stationery retailer on…
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14 March
Poundland to start TV ad campaign to showcase new ranges
Poundland has confirmed it will start advertising its all-new clothing, homewares and grocery ranges on UK and Ireland TV for the first time. The TV slots which will debut tomorrow (15 March) and run until mid-April will highlight the value Poundland is now able to bring shoppers, having completely revamped…
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13 March
Local business partnership forms in Dorset to quash retail crime
Local businesses in Dorset have united with police and the Bournemouth, Christchurch and Poole Council to tackle antisocial behaviour and retail crime, with information sharing and better incident recording that aims to empower more targeted action. The new conurbation-wide ‘Against Business Crime’ partnership will be led by three of the…
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12 March
Ann Summers profits hit £61.8m in FY23
Ann Summers has reported that gross profits for the 53-week period to 1 July 2023 hit £61.8m, spelling a 3% rise on the £60m reported in the prior year. The lingerie retailer has attributed its performance during the year to in-store sales growing by 12% year-on-year, as more consumers returned…
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11 March
HMV owner considers Body Shop rescue bid
HMV owner Doug Putman is reportedly considering a bid to acquire the body shop from its administrators. According to The Telegraph, Putman has yet to table any formal offer but his interest has raised hopes that the firm may yet be saved. This news follows reports that The Body Shop…
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8 March
Majestic opens latest small-format store in Marlow
Majestic has opened the doors to its newest small-format store in Marlow ahead of the four-day Easter weekend. The 2,200 sq ft unit is around half the size of the average Majestic store, and stocks a “carefully” curated range of more than 600 wines – including a dedicated area for…
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5 March
Greggs profits and sales soar in FY23
Greggs has reported pre-tax profits of £188.3m for the 52 weeks ended 30 December 2023, compared with £148.3m from the previous year. Its sales also increased 19.6% to £1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to £167.7m. The group opened a “record” 220 new…
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Feb- 2024 -29 February
Majestic named exclusive UK distributor for Blake Lively’s drinks
Majestic has become the exclusive distributor of actress and entrepreneur Blake Lively’s drinks brands – Betty Buzz and Betty Booze – across England, Scotland and Wales. The new partnership will see the retailer add seven products from the Betty Buzz premium sparkling soda and Betty Booze ready-to-drink ranges to its…
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29 February
Half-term boost fails to save Feb footfall
Half-term failed to save footfall figures in February as it declined by -2.2% across UK retail destinations for the second consecutive month, largely driven by a drop in footfall of -3.5% in high streets, according to the latest figures from MRI Springboard. MRI said the start of the month was…
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