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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Sep- 2019 -9 SeptemberHigh Street
Primark expects like-for-like sales dip in FY results
Clothes retailer Primark, which is owned by Associated British Foods (AB Foods), has revealed it expects a 2% decline in like-for-like sales for the year to 14 September 2019. Despite this, sales for the full year are expected to be 4% ahead of last year at constant currency and actual…
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Aug- 2019 -30 AugustClothing & Shoes
Shoe Zone CEO quits amid profit warning
The chief executive of value footwear retailer Shoe Zone, Nick Davies, has resigned from his position with immediate effect, on the same day the company issued a warning that profits will be below expectations. The company revealed that trading conditions since the group’s interim results on 21 May 2019 “have…
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15 AugustPeople Moves
Moss Bros announces boardroom shakeup
Moss Bros Group has announced a shakeup to its boardroom with the appointment of Avis Darzins as a non-executive director from 1 September 2019. The suitwear retailer also announced that Maurice Helfgott, following nine years’ service, will no longer be the senior independent non-executive director from 1 October 2019, when…
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14 AugustComment
Get yourself a captive audience
I happen to know the high-end perfume shop at London St Pancras does a roaring trade. And I would cheerfully bet a week’s perfume shop profits that the next Duty Free you’re in does pretty okay too. If you’re travelling inside the EU the words ‘Duty Free’ haven’t meant a…
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13 AugustFeatures
Mike Ashley’s high street monopoly
Over the past two years retail tycoon Mike Ashley has been treating the UK high street as his very own personal Monopoly board. However instead of desires to develop houses and hotels on his newly acquired property, Ashley has the grander vision of ‘saving the UK high street’ and turning…
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8 AugustAnalysis
How Games Workshop is standing up against the UK’s high street woes
In what is still an incredibly turbulent time for the retail market, fantasy miniatures retailer Games Workshop has seen explosive growth in recent years and remains defiant against a tide of CVAs, job cuts and declining profits sweeping the UK’s high streets. And it shows no real signs of slowing…
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7 AugustHigh Street
Boots to trial in-store interpretation service
Health and beauty retailer Boots is trialing an interpretation service for non-English speaking pharmacy patients, starting in five stores across the UK. The service is being provided by US firm Voyce, with the service being accessible via in-store iPads. Voyce connects colleagues and patients with interpreters who can translate over…
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5 AugustComment
Spotlight: Retailers defying the high street doom and gloom
Joules British clothing retailer Joules has continued to defy the high street gloom over the past two years, and so far has not buckled under the pressures of ‘brexit uncertainty’ and the shift in consumer tastes and trends. Originally established as Joule & Sons in 1977 by Ian Joule, the…
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Jul- 2019 -5 JulyEconomy
Retail sales slump in June
Like-for-like in-store sales fell by -0.8% in June according to the High Street Sales Tracker (HSST), published today by accountancy and business advisory firm BDO. The firm said the poor performance came from a weak benchmark of -1.7% for the same period last year and is a further blow to…
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4 JulyNews
Primark like-for-like sales hit by ‘unseasonable’ May weather
Sales at Primark in the year-to-date were 4% ahead of last year, driven by an increased store portfolio, however this was partially offset by a decline in like-for-like sales. The budget retailer’s parent company AB Foods said its sales were “held back by unseasonable weather in May” but said it…
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