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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Jun- 2021 -8 June
Majority of young shoppers name social media as gateway to local retailers
Over a third (37%) of shoppers have named social media as one of the primary ways they would discover a new local retailer, a number which rose to 55% for 18-34-year-olds. The findings come from a new survey commissioned by NFU Mutual, which has partnered with Maybe to provide retail…
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8 June
Consumer spending up 7.6% in May
Consumer spending rose by 7.6% in May compared to the same period in 2019, the highest level of growth since coronavirus restrictions began. According to new data from Barclaycard, spending on essential items grew 11.4% compared to May 2019, the sharpest increase since before the onset of the pandemic. This…
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7 June
ACS calls on gov to ensure DRS scheme is ‘workable’ for local shops
The Association of Convenience Stores (ACS) has called on the government to ensure that the deposit return scheme (DRS) which will be introduced in England, Wales and Northern Ireland is workable for local shops and does not leave them out of pocket. The scheme is currently scheduled to be introduced…
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7 June
May footfall decreases 27.7%, latest BRC data reveals
Total UK footfall decreased by 27.7% in May compared with the same period in 2019, according to the latest British Retail Consortium -Sensormatic IQ data. However, the decrease was above the three month average decline of 46.9%. Helen Dickinson, chief executive of BRC, stated May saw footfall levels improve across…
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4 June
MaxiSaver to open 20 more stores this year
MaxiSaver has announced plans to open another 20 stores this year, in a move that is set to create hundreds of jobs. The retailer opened eight stores throughout the Midlands since August last year with its first store in Hinckley’s Britannia Centre, creating approximately 100 jobs so far. The retailer…
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3 June
Geek Retreat ‘on track’ to open 60 new stores by end of 2021
Geek Retreat has revealed that it is on track to open 60 of its planned 100 new stores on high streets by the end of 2021, creating 360 jobs around the UK. The franchise, which opened its first store in Glasgow in 2013, now has 27 stores, with the latest…
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3 June
Indoor hospitality reopening fails to boost May footfall
The reopening of indoor hospitality has failed to give a significant boost to high street footfall, according to Springboard’s May figures. Springboard revealed that while footfall strengthened when non-essential retail opened in April, further gains following the reopening of indoor hospitality in May were muted. Footfall was -27.5% lower than…
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3 June
B&M profits rise 108% to £540m
B&M has reported a 107.7% increase in profit before tax to £540.1m for the FY period ending 27 March 2021, which it has attributed to higher sales densities. Group revenues also rose by 25.9% to £4.8bn from £3.8bn in 2020 as the retailer benefited from remaining open throughout the year.…
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2 June
Bank holiday weather boosts UK footfall
Footfall across UK retail destinations rose by +6.7% last week against the week before, with the average uplift in activity from Thursday to Saturday of +15.2% driving the increase for the week. According to the latest data from retail experts Springboard, the weekend’s uplift marked a notable increase compared with…
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May- 2021 -28 May
JYSK to open two new stores in Greater Manchester
JYSK has announced that it is set to open two new stores within the Greater Manchester region. The first store is due to open on 10 June 2021 in Bury at Angouleme Retail Park, followed by a store in Stockport at Manchester Road Retail Park on 8 July 2021, with…
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