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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Nov- 2021 -18 November
Eurofund Group launches UK retail arm
Eurofund Group, the international investment and real estate development company has officially launched a UK retail arm. The new UK division will be headed up by Alberto Esguevillas, former development director and country manager at Unibail-Rodamco-Westfield, who has taken the role of CEO UK. He is joined by Mike Rhydderch,…
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17 November
Aerie and American Eagle stores to open in Carnaby
Shaftesbury has announced the opening of both Aerie and American Eagle stores in Carnaby. The will both occupy a space on Foubert’s Place and is due to open December 2021. Aerie is located at 19 Foubert’s Place with a 1,630 sq ft space over two floors and American Eagle is…
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16 November
B&M launches £250m senior secured notes offering
B&M has announced that it intends to raise £250m through a sterling-denominated senior secured notes offer due in 2028. B&M said it would use the money raised from the secured notes, a type of corporate bond that gives an investor a higher-priority claim compared to junior notes when a company…
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16 November
M&S launches FAO Schwarz partnership
M&S has announced it is launching a new partnership with toymaker FAO Schwarz in 20 stores across the UK and online, just ahead of the festive period. The move will see a bespoke offer of around 50 toy products being selected for M&S customers, including toy racing cars, music mats,…
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16 November
Morrisons becomes first supermarket to co-own UK recycling site
Morrisons has announced it will become the first supermarket to own its own recycling operations through the acquisition of a significant stake in a new recycling site in Fife, reprocessing ‘hard-to-recycle’ soft plastics. The retailer has committed that by 2025, it will recycle and reuse the equivalent amount of plastic…
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12 November
B&M revenues hit £2.2bn despite ‘challenges’
B&M has revealed group revenues increased by 1.2% to £2.26bn – and up 26.8% on a two-year basis – during the 26-week period ending 30 September 2021. It said the performance comes as gross margin in its UK business was “particularly strong”, driven by a change in the sales mix…
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12 November
The Works sales remain strong despite supply chain woes
The Works has remained optimistic about its full-year results despite warning of ongoing supply chain issues and higher costs in the run-up to Christmas. It comes as the group welcomed stronger than expected trading in the first half of the year, reporting a two-year LFL sales increase of 14.5% and…
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11 November
WH Smith to return to profit as travel rebounds
WH Smith has welcomed a strong start to its financial year, assuring investors it is set to return to profit in 2022 as business and travel continues to rebound. Travel revenue now stands at 84% of the October 2019 level, following the continued easing of restrictions post-pandemic. The group said…
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10 November
Superdrug launches 2 hour delivery service from almost 300 stores
Superdrug has announced it is expanding its delivery service to include “super fast’ 2 hour home delivery, from nearly 300 stores nationwide. It revealed the service will offer customers more “accessible ways to shop”, allowing shoppers to order products directly from local stores. The service, powered by rapid delivery specialists…
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9 November
October consumer spending up 14.2%, Barclaycard reveals
Consumer card spending grew by 14.2% in October, compared with the same period in 2019, according to the latest data by Barclaycard. The growth was boosted by spending on non-essential items which rose by 14.6%, including a 127.1% jump in online takeaway spend, as the colder weather led more Brits…
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