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.
-
Dec- 2021 -20 December
Mike Ashley to consider taking Frasers private
Mike Ashely is reportedly considering taking Frasers Group off of the stock market in a bid to take advantage of its recent period of strong growth. According to The Telegraph, its recent performance combined with an intensive share buyback scheme has prompted speculation of delisting. It is thought that the…
Read More » -
15 December
Casa di Moda sets greenhouse gas reduction target
Fashion retail house Casa di Moda has announced it has set targets to reduce its greenhouse gas emissions by 60% over the 10-year period of 2019 – 2028. The renewed climate commitment comes after the fashion brand spoke at the COP26 conference last year. Brunello Cucinelli, executive chairman and creative…
Read More » -
14 December
New store openings boost Poundland sales
Poundland owner the Pepco Group has announced that earnings soared by 46% to €647m (£552m) in the full-year ended 30 September 2021, as the group reaped the benefits of new store openings over the period. In its latest full-year results, the budget retailer announced that group revenue was also up,…
Read More » -
9 December
Frasers Group profits soar 75% in H1
Frasers Group has seen its pre-tax profit rocket 75% to £186m in its latest half-year results, largely driven by a strong reopening performance of stores post-lockdown and a continued growth in its online business. The group also cited ongoing operating efficiencies and the FY21 comparative period being hit by lockdowns…
Read More » -
7 December
Consumer spending rises 16% in November
Consumer spending grew by 16% in November as early festive pursuits boosted retail, hospitality and leisure, according to the latest Barclaycard report. Spending on non-essential items saw its highest increase since before the pandemic at 17.7%. Meanwhile, spending on essential items rose by 12.5%, which was slightly less than in…
Read More » -
3 December
Poundstretcher rewards staff with 10% pay increase
Discount chain Poundstretcher has announced it is rewarding all of its employees in “recognition of their hard work” throughout the pandemic, as well as the company’s restructuring in 2020 with a 10% pay increase. It revealed that from 1 January 2022, all employees who have completed a year’s full service…
Read More » -
3 December
Frasers Group secures £930m in funding
Frasers Group has announced that it has entered into a new term loan and revolving credit facility with its banks, which replaces its existing facility of £913.5m. It revealed the new facility, which is valid for three years (with 2 one year extension options for a total tenor of up…
Read More » -
Nov- 2021 -25 November
Sainsbury’s opens new Aylesbury supermarket
Sainsbury’s has welcomed customers through the doors of a new supermarket in Aylesbury Gatehouse. The 50,000 sq. ft supermarket was opened by Mayor of Aylesbury, Anders Christensen, alongside local Haydon Abbey School pupil, Sabah. Sabah won a competition to design a limited-edition Sainsbury’s bag for life to mark the launch…
Read More » -
23 November
Pets at Home sees H1 profits grow to £70.2m
Pets at Home has revealed that for the 28-week period ending 7 October 2021, pre-tax profits grew 77.2% to £70.2m from £39.6m the previous year. Total group revenue rose 18% to £677.6m from £574.4m in 2020 and was boosted by the continuing increase in active customers. Meanwhile retail sales jumped…
Read More » -
22 November
Black Friday footfall set for comeback in 2021
A surge in shopping is forecast for Black Friday this year, with UK footfall set to increase by 7.9% between 21 and 27 November against the previous week, according to the latest figures from Springboard. The higher footfall is set to peak on Black Friday itself, with a predicted rise…
Read More »
