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.
-
Feb- 2023 -16 February
500 jobs at risk at New Look distribution centre
New Look is reportedly planning to axe up to 500 roles at its distribution centre in Lymedale, Newcastle-under-Lyme, Drapers has reported. It comes as the brand has been forced to shut down night shifts due to a reduction in its store portfolio over the last several years. According to Drapers,…
Read More » -
16 February
Wilko to axe over 400 jobs as sales fall
Wilko is reportedly set to axe over 400 jobs across the company as part of plans to cut costs amid struggling sales. According to The Guardian, those affected by the cuts may include assistant store managers, retail supervisors, head office managers and call centre workers. The group reportedly told staff…
Read More » -
15 February
Lush appoints new UK&I head of retail
Lush has announced the appointment of Kasey Swithenbank as the brand’s new head of retail for the UK and Ireland. Swithenbank has over 13 years of experience with the retailer, having previously managed and directed over 100 Lush shop managers. She joined Lush as a sales associate in the Cardiff…
Read More » -
14 February
Footfall surges 9% amid city centre recovery
Footfall across all UK retail destinations surged +9.1% annually, with a week-on-week footfall boost of +1.6% as office workers returned to city centres, according to the latest figures from Springboard. It found that consumers returned to UK high streets after train strikes the week previous, as Footfall at MRI Springboard’s…
Read More » -
13 February
Paperchase unsecured creditors left with £20m bill
Paperchase’s unsecured creditors have been stuck with a £20m bill from its period in administration, according to The Times, after the company collapsed for the second time. The stationary retailer’s creditors have been notified that they will be receiving dividends of 2.52% from the sale of assets that has been…
Read More » -
10 February
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company said its lower than expected sales growth was because of rail and postal strikes over Christmas and general…
Read More » -
9 February
Boux Avenue and Ryman face ‘uncertainty’ over refinancing
Theo Paphitis Retail Group, the parent company of Boux Avenue, Ryman and Robert Dyas, has warned that some of its businesses face “material uncertainty” in the coming year, despite reporting a 5.5% growth in store sales in FY22. According to The Guardian, Ryman is struggling to refinance a £10m government-backed…
Read More » -
9 February
Seasalt partners with Reskinned for new takeback and resale scheme
Seasalt has announced it has partnered with Reskinned, to launch a new takeback and resale scheme. As part of the scheme, Seasalt has committed to taking in old clothes from customers, repairing them, and reselling them on its website. Those that contribute to the scheme will be given up to…
Read More » -
8 February
Wilko launches click-and-collect in UK stores
Wilko has launched a click-and-collect service that will be available in all of its UK stores. The introduction of this service comes as the company wants to find new ways to make it easier for customers to shop for the items they need. According to Wilko, the new service will…
Read More » -
7 February
Victorian Plumbing appoints new CFO
Victorian Plumbing Group has revealed that Paul Meehan, the group’s chief financial officer, is set to step down and will be replaced by group director of finance Daniel Barton. Victorian Plumbing said that Meehans advised the board that he wishes to step down from his role on 31 March 2023…
Read More »
