High Street
This coverage explores the state and evolution of the UK high street, with reporting on store openings and closures, footfall trends, redevelopment projects, policy impacts, and changing consumer behaviour. Insights are designed to help retail managers and executives understand the challenges and opportunities shaping high street retail operations and strategy.
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May- 2021 -12 MayHigh Street
Young shoppers main drivers of high street footfall, data finds
Millenials are the primary drivers of high street footfall in the UK since non-essential retail stores in England reopened on 12 April, according to new data from global payments platform Adyen. Over a third (34%) of young people surveyed by the service said that they missed physical stores while they…
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7 MayHigh Street
Fashion and lifestyle sales see record surge amid reopening
Retailers reported record results across fashion, lifestyle and homeware and sustained growth of online sales in April, as consumer confidence was boosted by the easing of lockdown and progress with the COVID-19 vaccination programme, according to BDO. BDO’s High Street Sales Tracker (HSST) found that non-store like for like sales…
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4 MayHigh Street
WH Smith mulls takeover of Dixons Carphone’s airport stores
WH Smith is reportedly eyeing up a takeover of Dixons Carphone’s airport stores, after the electronics business closed 35 of its travel shops following the effects of the pandemic. According to The Telegraph, Carl Cowling, WH Smith’s chief CEO, said the exit was “another opportunity” to roll out its own…
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Apr- 2021 -29 AprilHigh Street
WH Smith launches fundraise to open 100 new travel stores
WH Smith has unveiled plans to open around 100 new travel stores after launching a £325 bond offering in convertible bonds, despite reporting losses in its half-year results. The group, which also secured a £250m revolving credit facility with an extended maturity to 2025, said the funds will aid the…
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23 AprilAdvice
Getting ready for the post-covid retail boom
From being in the grip of the second wave in a bleak mid-Winter two months ago with so much uncertainty and anxiety there really has been a remarkable turnaround due to the determination of all to fix this situation. A majority of the population have been vaccinated and sunnier days…
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20 AprilNews
Search begins to find the UK’s fastest growing online retailers
One of the world’s leading Digital Operations Platforms has launched its search for the inaugural ‘Lightning 50’, a league table of the UK’s fastest growing e-commerce businesses of the last 12 months. The list has been launched to celebrate the fastest-growing UK retailers following findings from internal research that two…
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12 AprilHigh Street
Monsoon opens new boutique store in London
Monsoon has opened a new boutique store today (12 April) On London’s Marylebone High Street. The store is part of a “refresh of Monsoon”, taking the brand “back to its roots”, and aims to celebrate its “heritage, craft and commitment to sustainability and ethical trade”. The Marylebone High Street location…
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Mar- 2021 -24 MarchHigh Street
Tui to close 48 high street sites
Tui, the travel operator, has announced that it is closing 48 of its UK high street sites, impacting 273 jobs in the process. The group’s decision follows the proposed shutting of 166 Tui sites, in turn affecting 900 jobs, that was announced in July 2020 as the pandemic continues to…
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24 MarchCoronavirus
Over 11,000 high street shops shut in 2020, study finds
Over 11,000 stores closed on UK high streets last year and another 18,000 could follow in 2021, according to the latest research from the Local Data Company. The figures come as 9,887 chain stores were forced to close last year with an additional 1,442 independent stores shuttering their doors for…
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23 MarchHigh Street
High street footfall rises 4% ahead of lockdown anniversary
Footfall across UK retail destinations rose by +0.5% last week ahead of the one-year anniversary of the first national lockdown , wholly driven by a +4% increase in high streets according to the latest data from retail experts Springboard. During the week, footfall in both retail parks and shopping centres…
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