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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May- 2023 -18 May
Shoezone to open Bury town centre store this May
Shoezone will launch a brand new, relocated store in Bury on 20 May, officially opening at The Rock, Unit E. 05. The new store, which will be open from 9am until 7pm Monday and Saturday and 10:30am until 4:30pm on Sundays, will offer opening offers, as the brand will also…
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18 May
Pepco continues international expansion
Pepco has announced that it is set to launch in Portugal following its successful launch in Spain. The Poundland owner is set to open a new store in Coimbra on 18 May followed by new openings in Albufeira and Olhão during May 2023. The brand will also set up stores…
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16 May
Mamas and Papas launches resale and repair initiative
High street nursery retailer, Mamas and Papas, has launched a new ‘Loved for Life’ initiative, which offers a range of sustainable services that ensures essential baby products can be reused, refreshed or recycled. This launch follows several other sustainability initiatives that the brand announced in the past year to accelerate…
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16 May
Shoe Zone H1 profits halve despite revenue increase
Shoe Zone has announced that its profit before tax halved to £1.5m, down from £3.1m, for the 26 weeks ended 1 April 2023. The company’s adjusted profit before tax was £2.5m after a £1.3m forex loss was offset by £0.3m profit on sale of freehold. Despite this the company saw…
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12 May
Rail strikes marginally impact footfall
Today’s rail strikes (12 May) have impacted footfall across the UK, with footfall down by -0.7% from last Friday. According to the latest findings from Springboard, this means that footfall has not “bounced back” from last Friday, the Friday before the Coronation bank holiday weekend, when footfall was already -3.5%…
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10 May
UK footfall falls 13% on Coronation Day but London welcomes boost
Last week saw mixed results for retailers as footfall dropped by 13.2% from results in 2022 on Coronation Day (6 May), while central London saw a 11.3% boost in footfall and an additional 21.5% between the hours of 10am and 3pm, according to Springboard. Across the whole week, footfall increased…
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9 May
M&S to further fund Nobody’s Child growth
Marks and Spencer has announced its plans to further fund the eco-conscious fashion brand Nobody’s Child as it continues to go “from strength to strength”. The news comes as the fashion brand, which has over 340,000 customers each year, continues to be one of M&S’ top performing third-party brand partners.…
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9 May
Coronation Day footfall down by 20%
On Coronation Day, footfall across all UK retail destinations was -20.6% lower than the previous Saturday, and -24.6% lower between 10am and 3pm, as the event “somewhat inevitably” drew customers away from stores. However, according to the latest findings from Springboard, the coronation did lead to an uplift in footfall…
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5 May
Employee wellbeing risk soars for retail workers in Q1
Employee experience platform WorkL has revealed that the average Wellbeing Risk score for employees working in retail has increased significantly to 38% in the first quarter of 2023, up from 36% at the end of 2022. Results contrast to an average global decrease in wellbeing risk over the first quarter…
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5 May
UK footfall jumps 7.2% in April
Footfall rose by +7.2% from March to April, reversing a drop of -2.8% from February to March according to the latest data from MRI Springboard. Springboard said that Easter was a significant driver of footfall in April, with a rise in the week of Good Friday and Easter Saturday of…
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