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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Jul- 2021 -9 July
June sees LFL retail sales rise by 52.1%
Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker. The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began…
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8 July
Footfall jumps in first week of June but stalls amid restriction delay
Footfall across UK retail destinations continued to strengthen in June, moving to -22.2% below the 2019 level from -27.5% in May, the strongest result since the start of the pandemic, according to the latest monthly data from Springboard. However, Springboard revealed that the gains were “largely” made in the first…
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8 July
WH Smith to open 18 new stores across UK airports
WH Smith has announced that it will open 18 new technology and accessories stores across some UK airports, including London Heathrow, London Stansted, Manchester, London Luton, Birmingham and East Midlands. The stores will trade under the North American, InMotion brand with the group anticipating that the new openings will deliver…
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7 July
Prices and product confusion barriers to sustainability, survey finds
UK consumers’ interest in sustainable products has risen significantly but barriers such as high prices, confusion around product quality, and lack of trust in sustainability credentials are stopping them from making purchases, according to a new survey from EY. It comes as the latest EY Future Consumer Index found that…
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5 July
Bestway FY20 losses climb 32% to £8.2m
Bestway Group, the owner of Bargain Booze, Wine Rack, and Central Convenience, saw its FY20 losses climb over 32% year-on-year to £8.2m. The wholesaler and retailer of beers, wines, spirits, tobacco, grocery, and confectionary products saw the increased losses despite group revenues rising 2.4% year-on-year to £388.5m for the year…
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2 July
Boots owner posts strong Q3 results
Walgreens Boots Alliance, the owner of pharmacy retailer Boots UK, has reported a strong showing in its third financial quarter, as operating income from continuing operations totalled at $1.1bn (£799m) over the period. In comparison, the group posted a significant loss of $1.7bn (£1.2bn) over the same period a year…
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1 July
Business committee chair questions CMA investigative takeover powers
The chair of the Business, Energy and Industrial Strategy Committee, Darren Jones, has written to the Competition and Markets Authority (CMA) in relation to their powers to investigate takeovers. It follows the recent purchase of Asda using “significant amounts” of debt and the increased interest from private equity companies in…
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1 July
Primark owner sees Q3 revenues rise 47% to £3.65bn
Associated British Foods, the owner of Primark, saw group revenues jump 47% year-on-year to £3.65bn for Q3 FY21. Released as a part of the company’s trading update for the 40 weeks to 19 June 2021, the group revealed that its retail revenues spiked 207% year-on-year to £1.6bn for the quarter.…
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Jun- 2021 -30 June
Cake Box FY21 revenue climbs 16.9% to £21.9m
Cream cake retailer Cake Box saw revenues spike 16.9% year-on-year to £21.9m for the full year ended 31 March 2021. The group’s adjusted pre-tax profit also jumped in the period, up 24.8% from £3.8m in FY20 to £4.7m in FY21. Cake Box’s strong performance was driven by an 84% growth…
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30 June
Dixons Carphone profits reach £33m amid online surge
Dixons Carphone has reported pre-tax profits of £33m for the year ended 1 May 2021, climbing from a £140m loss last year when the group was hit by the effects of Covid-19. Revenue for the period reached £10.3bn and was boosted by a 103% online sales growth to £4.7bn during…
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