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- 2024 -16 January
Card Factory hails strong Christmas trading
Card Factory has revealed total sales for the 11 months ended 31 December 2023 increased 10% to £476.9m after it was boosted by strong Christmas trading. The card retailer said that LFL store revenue jumped 7.8% in November and December, driven by the increased number of transactions and increased average…
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10 January
ProCook revenues rise 3% over Golden Quarter
ProCook has revealed that total revenues over the third quarter increased by 3% year-on-year to £23.1m. While the kitchenware retailer’s total like-for-like revenues dipped by 0.4% over Black Friday and Christmas, its performance was better than the declines of 7.9% and 1.8% in the first and second quarters. The retailer’s…
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9 January
Cotswold Outdoor owner to boost in-store efficiency
O&CC, the owner of brands Cotswold Outdoor, Snow and Rock and Runners Need, plans to complete a full chain rollout of the cloud-based platform Pricer Plaza as a way to boost in-store efficiency and its customer experience. The rollout follows news that the clothing and activewear retailer deployed Electronic Shelf…
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9 January
Festive period fails to boost retail sales, BRC finds
Total retail sales in the UK rose by only 1.7% in December, against a growth of 6.9% the prior year, as Christmas failed to “make amends” for what was a challenging year in retail. December’s growth was below the three-month average growth of 2.3%, and below the 12-month average growth…
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8 January
Majestic sales rise 8.1% in run-up to Christmas
Majestic has experienced its “best ever” Christmas trading period after recording a 8.1% increase in total sales in the eight weeks to 25 December. Retail sales also grew compared with the same period last year, as Majestic stores served 63,000 new customers ahead of the holidays. Friday 22 December became…
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8 January
£90m Oxford Street revamp project to begin in autumn
Westminster City Council has greenlit the £90m renovation of Oxford Street and has set to move the programme forward with construction due to start in autumn 2024. The news comes after the council received positive feedback from more than 1,600 people in the borough, as well as support for all…
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8 January
Matalan invests £35m to lower prices
Matalan has announced that it has invested £35m to cut prices on over 700 products amid the ongoing cost of living crisis. The investment is funding price reductions across all core categories from January, online and in store. Prices are being cut by an average of 15% across core and…
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5 January
Boots Q1 driven by record-breaking Black Friday
Boots has revealed it delivered a strong performance in its first quarter of the year, ended 30 November 2023, as retail sales jumped 9.8% aided by a “record-breaking” Black Friday. The retailer, owned by Walgreens Boots Alliance, also revealed it secured its 11th consecutive quarter of market share growth, with…
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4 January
Festive shopping boosts footfall 6.1% in December
Footfall across UK retail destinations rose by +6.1% from November to December as poor weather conditions, rail disruption and the cost of living crisis failed to deter festive shoppers. According to the latest data from MRI Software, December was predominantly boosted by the fourth week of the month, the final…
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Dec- 2023 -15 December
Currys boss criticises gov’s minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to raise the minimum wage would “load more costs onto an already overburdened sector”. It comes after chancellor Jeremy Hunt outlined plans to raise the legal minimum wage by 10% to…
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