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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Jun- 2022 -28 June
Retail footfall recovery dampened by strikes
UK footfall dropped by 3.9% last week (20 June – 26 June 2022), compared with the average of the previous four weeks, due to the RMT Union Rail Strikes. According to British Retail Consortium (BRC) Sensormatic IQ data, Thursday (23 June) was the “worst performing” day, with a 13.7% decline…
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28 June
Retail space provider Sook continues UK expansion
Flexible retail pop-up space provider Sook has announced new partnerships with Hammerson and Rivington Hark, which will see the retail operator open three new spaces this summer in new UK locations. The firm said its rapid expansion is a result of a “high customer demand for flexible retail space as…
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27 June
Braehead unveils host of new brands
Braehead, the retail and leisure destination, has announced a string of new openings at the shopping centre which are set to open this summer. Jewellery retailer Lovisa is set to open in the summer with a 780 square feet unit, and Suit Direct, the menswear retailer, has also signed on…
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27 June
Cake Box sees profits surge to £15.8m
Cake Box has revealed its gross profits increased by 45% in the year up to 31 March 2022 to £15.8m. The cake retailer’s revenues also increased by 50.7% to £33m and its pre-tax profit climbed 83.3% to £7.7m. The company’s online sales grew by 41% in the period while the…
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27 June
Cath Kidston up for sale two years after collapse
Cath Kidston, the fashion and homeware brand, has been put up for sale two years after collapsing into administration, with the loss of nearly 1,000 jobs. According to Sky News, Baring Private Equity Asia (BPEA) has instructed advisers at PricewaterhouseCoopers (PwC) to find a new owner for the now wholesale-led…
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23 June
Flannels opens doors to first Liverpool flagship
Flannels has opened the doors to its first store in Liverpool today (23 June), bringing its fashion beauty and wellness experience to the North of England and marking the biggest investment through any Flannels (and Frasers Group plc) store yet. Set across seven floors and 120,000 square feet, the flagship…
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23 June
Gilly Hicks to open new store in Carnaby
Gilly Hicks, a brand in the Abercrombie and Fitch portfolio, has announced the opening of its new store located at 39 Carnaby Street, in the heart of London’s busiest shopping district. The new store opening is a part of the brand’s growth strategy, which includes an “expanded product assortment, digital…
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22 June
Footfall drops as strikes take action
Footfall across all UK high streets is down -8.5% compared to last week, as workers stay at home due to the transport strikes. London saw the greatest reduction, with a 17% drop from last week. Diane Wehrle, Insights Director at Springboard said: “The impact on train and tube strikes today…
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22 June
JD Sports profits double to £947m in FY22
JD Sports has recorded a “record” pre-tax profit of £947.2m in FY22, more than double the previous record set in the year to 1 February 2020. The group reported a strong performance from sports fashion retail in the UK and Republic of Ireland in particular, with profits in this area…
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21 June
Savoir Beds announces new managing director
Savoir Beds has announced the appointment of Nicholas Alexandre as its new managing director, effective June 2022. Alexandre will succeed Alistair Hughes, who will share his time between Savoir and his re-wilding project in Wales, UK. As co-owner of Savoir, Hughes has been at the helm of the brand and…
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