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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.

  • Sep- 2023 -
    12 September
    Wilko to close all remaining stores, 12,500 jobs at risk

    Wilko to close all remaining stores, 12,500 jobs at risk

    Collapsed retail chain Wilko will close all of its 400 stores by early October after a rescue bid failed to materialise, placing 12,500 jobs at risk. Administrators PwC said it informed all staff that they will sadly commence the closure of all wilko stores, the two distribution centres and the…

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  • 11 September
    HMV owner fails with Wilko rescue deal

    HMV owner fails with Wilko rescue deal

    A rescue deal for collapsed high street retailer Wilko which could have saved thousands of jobs has failed after HMV owner Doug Putman pulled out of the deal due to rising costs. Putman had reportedly planned to keep up to 300 stores, however it is thought that the deal was…

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  • 11 September
    John Lewis boss calls for review into town centres amid looting fears

    John Lewis boss calls for review into town centres amid looting fears

    The boss of John Lewis has warned that high streets could become a “looting ground” for criminals if change is not implemented, calling for a royal commission review into dying town centres. Dame Sharon White has warned that years of shop closures have led to a rise in shoplifting and…

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  • 7 September
    Holland and Barrett relaunches its entire food range

    Holland and Barrett relaunches its entire food range

    Holland and Barrett has relaunched its entire food range with the first 500 products launching throughout September marking the start of the “biggest transformation of its food category in a decade”. The news comes after the retailer has been investing in its store estate, opening 19 stores and refitting 16…

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  • 6 September
    Halfords revenues rise 14.1% amid strong motoring demand

    Halfords revenues rise 14.1% amid strong motoring demand

    Halfords has announced that its revenues have increased by 14.1% for the 20 weeks ended 18 August 2023, boosted in part by its autocentre business. According to the group, this increase in revenue was driven by needs-based categories, with revenue from autocentres up 34.6% and retail revenue up 3.7%. Strong…

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  • 6 September
    WHSmith FY revenues soar 28% as travel rebounds

    WHSmith FY revenues soar 28% as travel rebounds

    WHSmith has welcomed a strong year of trading in the year ended 31 August, as the stationery retailer’s revenues increased 28% against the prior year. The group attributed its spike in revenue to its travel category’s popularity, which saw a 42% increase in revenue.  It said its sales performance in…

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  • 5 September
    Wilko to axe 1,300 jobs and close 52 stores

    Wilko to axe 1,300 jobs and close 52 stores

    Wilko is set to close 52 stores and make 1,300 redundancies across the business as rescue talks for the retailer continue, its administrator confirmed today. Earlier today, PwC confirmed that it has agreed to provide B&M with the option to acquire up to 51 properties, after the administration trading period…

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  • 5 September
    B&M eyes Wilko deal as Putman offer falters

    B&M eyes Wilko deal as Putman offer falters

    B&M could reportedly be in line to acquire a number of Wilko stores after rescue talks with HMV owner Doug Putman hit difficulties this week. According to Sky News, B&M could acquire around 50 Wilko shops, with industry sources adding that Wilko’s administrators could soon announce the first round of…

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  • 4 September
    EY under fire over Wilko accounts oversight

    EY under fire over Wilko accounts oversight

    EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…

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  • 4 September
    HMV owner secures creditor backing for Wilko rescue deal

    HMV owner secures creditor backing for Wilko rescue deal

    Administrators to Wilko have reportedly secured the backing of creditors for a rescue deal led by HMV owner Doug Putman in a move that could save around 8,000 jobs. According to The Sunday Times, PwC is understood to have secured support from the Pension Protection Fund as well as other…

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