High Street

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  • Jul- 2025 -
    31 July
    Pets at Home lowers FY guidance amid subdued market growth

    Pets at Home lowers FY guidance amid subdued market growth

    Pets at Home has lowered its FY26 guidance after a subdued first quarter saw a fall in retail revenues, as the group reported there was no growth in the pet retail market over the period.  In the quarter ended 17 July 2025, group revenues fell by 1.9% year-on-year to £435m,…

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  • 29 July
    Games Workshop profits soar 29.5% to £262.8m

    Games Workshop profits soar 29.5% to £262.8m

    Games Workshop has revealed that its profit-before-tax rose 29.% to £262.8m for the year ended 1 June 2025, on a guidance of £255m. Alongside this, the company’s revenues rose 205 from £525.7m to £628.7m on a constant currency basis. The company’s core revenues rose 14% to £565m up from £494.7m…

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  • 29 July
    Greggs sees pre-tax profits fall 14.3% to £63.5m

    Greggs sees pre-tax profits fall 14.3% to £63.5m

    Greggs has revealed that its pre-tax profit fell 14.3% to £63.5m, down from £74.1m, for the 26 weeks ended 28 June 2025. Alongside this, the company saw its operating profit fall 7.1% to £70.4m, down from £75.8m. Despite this, the company’s total sales rose 7% to £1.03bn, up from £960.6m.…

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  • 29 July
    Card Factory acquires Funky Pigeon from WH Smith for £24m

    Card Factory acquires Funky Pigeon from WH Smith for £24m

    Card Factory has agreed to acquire online personalised greeting cards group Funky Pigeon from WH Smith for £24m.  Once the deal is complete, Card Factory will be the second largest online card and attached gift retailer in the UK market, according to the group.  It added that over time, Funky…

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  • 28 July
    Pepco calls in advisors to oversee Poundland transition

    Pepco calls in advisors to oversee Poundland transition

    Pepco Group is reportedly set to draft in advisers to help oversee Poundland’s transition to its new owner, in a process that will lead to store closures and job cuts. According to Sky News, the company has asked FRP Advisory to act as an observer for the move, only weeks…

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  • 25 July
    Shoplifting cases jump 20% to record 530,000, ONS finds

    Shoplifting cases jump 20% to record 530,000, ONS finds

    Shoplifting offences in England and Wales have surged 20% to their highest level in more than two decades, according to the latest official figures from the Office for National Statistics (ONS). According to data for the year to March 2025, police recorded exactly 530,643 shoplifting offences, which spells a 20%…

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  • 22 July
    Independent retailers warn of ‘mounting pressure’ as half consider closure

    Independent retailers warn of ‘mounting pressure’ as half consider closure

    More than half of the UK’s independent retailers have considered closing their business, according to a new survey from Spring and Autumn Fair and Save The High Street.org. Some 63.4% of respondents cited reduced customer spending and footfall as their greatest challenge, followed by competition from online platforms (57.4%) and…

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  • 22 July
    The Works PBT jumps 20% to £8.3m

    The Works PBT jumps 20% to £8.3m

    The Works has revealed that its profit-before-tax rose 20.3% to £8.3m for the year ended 4 May 2025, up from £6.9m in the previous year. Alongside this, the company delivered total revenues of £277m, a decrease of 2% from the prior year, which benefitted from an additional trading week. The…

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  • 21 July
    Lakeland owner Hilco in race to acquire Claire’s

    Lakeland owner Hilco in race to acquire Claire’s

    Hilco Capital, the high street investor behind Lakeland and a former backer of HMV and Superdry, is considering a takeover of Claire’s UK business, according to Sky News. Banking sources have told the outlet that Hilco Capital, who was a recent contender to acquire Poundland, is among the potential bidders…

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  • 21 July
    Retail insolvencies hit 72,000 as risks mount for firms

    Retail insolvencies hit 72,000 as risks mount for firms

    More than 72,000 UK retail businesses are now technically insolvent, with over half at imminent risk of closure, according to analysis by accountancy firm Price Bailey. The firm said exactly 72,625 retailers, which represents about 15% of the sector, have negative net assets on their balance sheets. Of these, 37,332…

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