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 -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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9 November
Footfall drops 11.6% as half-term boost ends
Footfall across UK retail destinations declined -9.3% last week from the week before, according to the latest data from Springboard. High streets (-10.9%) and shopping centres (-11.6%) suffered the greatest drop, versus a drop of -3.1% in retail parks. The decline in footfall averaged -11.7% between Monday and Friday compared…
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8 November
Cake Box sees H1 profits rise to £3.7m
Dessert specialist Cake Box has revealed that pre-tax profits rose to £3.7m from £1.66m for the six month period ending 30 September 2021. Revenue grew to £16.47m from £8.59m and was boosted by the opening of 20 new franchise stores during the period. The franchise store estate traded “well” in…
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5 November
£1.2bn to be spent in West End this Christmas, says NWEC
Despite a “strong recovery in footfall”, West End retailers are facing a “challenging festive period” due to the continued absence of high spending international travellers, with the New West End Company predicting just £1.2bn being spent this Christmas. The latest figures from NWEC, which represents 600 retail, restaurant, hotel and…
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5 November
Dobbies opens third little dobbies in London
Dobbies Garden Centres has announced the opening of its third little dobbies store in London, located in Richmond, as it continues the roll-out of the new concept across the country. Located at 54 George Street, this is the fifth site in the UK, following Westbourne Grove, Chiswick and Clifton which…
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2 November
Shoe Zone raises FY21 profit guidance amid ‘better than expected’ trading
Shoe Zone has raised its pre-tax profit expectations for the full-year ending 2 October 2021 after seeing “better than expected” underlying trading. The retailer told shareholders that it now expects profits for the 52-week period to range between £9m and £10m up from a previous guide of £6.5m. In addition,…
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Oct- 2021 -28 October
Co-op rebrands to Co-op26 in bid to ‘spark’ climate conversations
Co-op has announced it has rebranded a small number of stores to Co-op26, in a bid to initiate conversations about climate change. It revealed the rebranding comes as the UK prepares to host global leaders and changemakers at the COP26 Climate Change conference in Glasgow this weekend. Six flagship Co-op…
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28 October
Toys”R”Us set to make UK return
Toys”R”Us and Babies”R”Us are set to make a return to the UK after its parent company, WHP Global signed a landmark long-term exclusive licence agreement to run a digital and physical retail commerce. The children’s toy company plans to commence online sales to UK shoppers over the next several months,…
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26 October
Footfall declines in lead up to half-term
Footfall across retail destinations declined by -1.5% across the UK in the last week, according to retail intelligence experts Springboard. This drop was driven by a -3.6% decline in footfall in high streets, whilst footfall rose marginally in both retail parks by +0.9% and shopping centres by +0.4%. Whilst footfall…
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25 October
Tesco launches new quiet hour
Tesco has announced the launch of its new scheme ‘quiet hour’ in a bid to make its stores a “calmer environment” for people with disabilities, the elderly, people with children and those experiencing mental health issues. The chain will lower the checkout noise in all of its larger stores, as…
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