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 -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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21 June
Rail strikes represent ‘another blow’ for Scottish wholesalers
National rail strikes this week are set to represent ‘another blow’ for Scotland’s retailers and wholesalers. Nearly 90% of ScotRail services will be cancelled on Tuesday 21, Thursday 23 and Saturday 25 June, with city centre venues set to bear the brunt of the knock-on impact of the strikes. Nathan…
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20 June
Pets at Home commences £50m share buyback programme
The Pets at Home Group plc has announced the commencement of a £50m share buyback programme, following the commitment made in its latest trading update for the year ended 31 March 2022. The programme will be undertaken in two tranches, with the company announcing in the first tranche that it…
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16 June
West End landlords Shaftesbury and Capco agree £5bn merger
Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing the combined group’s portfolio at £5bn with annualised gross income of approximately £165.5m. Under the terms of the agreement, the Capco Group will own 100% of the issued and to…
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16 June
Boohoo announces sales drop amid cost of living crisis
Boohoo has announced that its revenues declined 8% in the first quarter of 2022, but are up 75% over the three-year pre-pandemic period reflecting multi-year market share gains across the Group’s multi-brand platform. Gross demand growth was up 9% year-on-year, with net sales impacted by the ongoing normalisation of returns…
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15 June
WH Smith sales rocket as travel rebounds
WH Smith has seen sales soar ahead of pre-pandemic levels in recent weeks as travel continues to rebound. Group revenues in the 15 weeks to 11 June 2022 were ahead of 2019 levels for the first time at 107%, with a particularly strong performance seen in its Travel business. As…
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15 June
H&M Group reports 12% surge in 2022 Q2
The H&M Group has reported that its net sales in local currencies increased by 12% in the second quarter 2022, the period 1 March 2022 to 31 May 2022, compared with the corresponding period last year. Net sales for its fashion business increased by 17% to £4.5bn. The group is…
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14 June
WFH shift may ‘permanently scar’ high streets, experts warn
The shift to working from home amid the pandemic has allegedly caused “permanent scarring” to the UK’s high streets as workers continue to stay away from city centres, Springboard has told the Telegraph. Speaking to the paper, Diane Wehrle, chief executive of the retail insights group, said footfall in towns…
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13 June
IKKS Paris launches UK expansion with two stores
French fashion and lifestyle brand IKKS Paris has opened two London stores in Carnaby Street and Kings Road, marking the brand’s entry into the UK. The first shop is located at 3 Carnaby Street, a 2,610 sq ft flagship spanning two floors with a full collection of womenswear, menswear, and…
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13 June
Deckers Brands announces new chief supply chain officer
Deckers Brands, a global designer and distributor of footwear, apparel and accessories, has announced the promotion of Angela Ogbechie to the newly created role of chief supply chain officer, effective June 24, 2022. Ogbechie has served in various operational roles at Deckers since 2008, most recently as SVP, global operations…
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