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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Apr- 2021 -27 April
Furniture Village appoints new board member
Furniture Village has announced the appointment of Mike Broughton, the group’s IT and business development director, to its board of directors. Broughton has held senior IT positions for global corporations across multiple sectors, with his career highlights including roles at William Hill, Asda Walmart, Dixons Carphone, FSA and Barclays Bank.…
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26 April
Poundland owner confirms Polish IPO
Poundland owner, Pepco Group, has confirmed plans to go ahead with a listing on the Polish stock market that could value the company at around £3.9bn. The firm, which operates the Pepco and Dealz brands in Europe, had planned to go public in 2020 with a dual listing in London…
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23 April
River Island partners with DCK Group
River Island has announced a partnership with DCK Group, an independent fashion jewellery business for its new jewellery range. The collection comprises 380 pieces and is available online and across River Island’s 254 store estate. The jewellery features hoop earrings and layering necklaces, in addition to a collection of seasonal…
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20 April
John Lewis to renovate Peter Jones façade
John Lewis has announced that it will start work on a renovation of the curved glass façade of its Peter Jones shop in Chelsea. The renovation hopes to introduce an installation of light, shadow and movement that is “responsive to the environment” for example wind, rain, sunrise and sunset –…
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19 April
The ASC launches ‘ShopKind’ campaign to target shopworker abuse
The Association of Convenience Stores (ASC) has launched a new campaign urging the public to “ShopKind” as the reopening of more stores and shops across the country gets underway. The news follows reports of abuse and violence towards shopworkers growing to at least 400 incidents daily. The campaign is backed…
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19 April
EG Group acquires Leon in £100m deal
The EG Group, owned by billionaire brothers Mohsin and Zuber Issa, has announced the acquisition of all 70 Leon restaurants in a £100m deal. The group, which recently acquired a majority stake in Asda, said the acquisition will complement EG’s existing 700 foodservice outlets in the UK and Ireland of…
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19 April
Poundland owner eyes £4bn IPO
Pepco Group, the owner of Poundland and Dealz, is reportedly set to pursue a £3.9bn initial public offering (IPO) on the Polish market in the coming months. According to Sky News, the group’s management team and shareholders alike have snubbed London in favour of Warsaw due to the firm’s large…
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14 April
Grocery sales boost retail figures in March
New research has found that grocery sales have boosted overall retail sales in March, despite many categories remaining in decline due to the pandemic. According to KPMG and the British Retail Consortium (BRC)’s retail sales monitor, total retail sales rose by 8.3% in March compared to the same period in…
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13 April
Cake Box sees FY21 sales rise 14.7%
Cake Box, a cream cake retailer, saw like-for-like sales in its franchise stores increase 14.7% year-on-year for the 40 weeks ended 7 March 2021. In turn, the group said that it expects to report “record revenue” for the period, representing an approximate 16% rise profit before tax rise when compared…
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12 April
Hundreds of Bonmarché jobs at risk amid reports some stores may never reopen
Hundreds of jobs at Bonmarché are reportedly at risk as administrators struggle to decide how many stores should open as the ban on non-essential retail lifts. According to The Telegraph, administrators RSM have been “reviewing” options for the company’s 148 store estate – noting that many of the stores may…
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