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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Oct- 2021 -4 October
Four ‘premium’ brands to open at Highcross
Hammerson has announced that four new brands will open at its flagship destination, Highcross, in Leicester this autumn. According to Highcross, it has “captured” existing and new audiences through events and initiatives since reopening in spring, in addition to its 100 shops and restaurants. Highcross said the new Ted Baker…
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1 October
New West End Company unveils £5bn investment into London’s West End
The New West End Company, which represents 600 businesses on Oxford Street, Regent Street, Bond Street and in Mayfair, has announced details regarding a collective planned £5bn capital investment into London’s West End. It revealed the investment is to be spread across 22 existing and new West End developments, aimed…
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1 October
M&S enters partnership with Maro Itoje for new menswear collection
Marks and Spencer has announced a new partnership with England rugby player Maro Itoje for its latest menswear collection. According to the retailer, Itoje is set to “front” the collections for autumn 2021, where he will showcase a “versatile” range of products across M&S collection and autograph. It revealed the…
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1 October
Sainsbury’s launches biggest ever Christmas recruitment drive
Sainsbury’s has announced it will hire 22,000 seasonal jobs across the UK this Christmas, it’s largest ever seasonal recruitment drive. It said there will be 14,500 Sainsbury’s and Argos roles available in stores, including 500 customer and Trading manager positions, 3,000 online delivery driver positions on offer as well as…
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Sep- 2021 -28 September
EG group acquires 52 KFC restaurants
The Issa Brothers’ EG group has announced the acquisition of 52 Kentucky Fried Chicken (KFC) restaurants in the UK from Amsric group for an undisclosed sum. It revealed the acquired network, across the south and south-west regions, comprises more than 1,600 team members and a mix of “high-quality” drive thru…
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28 September
Card Factory narrows H1 losses to £6.5m
Card Factory has announced that it has narrowed its pre-tax losses for the six-month period ending 31 July 2021 to £6.5m, up from losses of £22.2m the prior year. Revenue for the period grew by 16.3% to £116.9m up from £100.5m in 2020, and was boosted by the group’s transactional…
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28 September
Return to offices boosts city footfall
Footfall across UK retail destinations rose by +2.7% last week from the week before, rising by +3.7% in high streets, +2.3% in shopping centres and +0.9% in retail parks. A return to offices saw a particular boost in activity, as footfall in central London and large city centres outside of…
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27 September
Applications open for Northern Irish £100 high street voucher scheme
Northern Ireland economy minister Gordon Lyons has announced that the portal for applications to the high street voucher scheme has now opened. Applicants can now register for a £100 prepaid “spend local” card, with the portal remaining open until 25 October 2021. Following the initial phase of applications, the first…
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23 September
Eve Sleep on course to meet expectations as rebuild strategy takes hold
Bed and mattress retailer Eve Sleep has revealed it is on course to meet its financial expectations for the year as its three-year rebuilding strategy starts to take hold. The retailer revealed that for the first six months of the year ending 30 June, it saw revenues increase 13% to…
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23 September
DFS returns to profit in FY21
Furniture retailer DFS has announced that it has returned to profitability in its latest results for the 52-week period ending 27 June 2021. During the period, underlying pre-tax profits reached £105.8m from a previous year’s loss of £63.1m. Revenue also grew by 47.4% to £1.06bn from £724.5m in 2020 and…
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