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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Nov- 2018 -20 NovemberHigh Street
UK sales predicted to grow 4% in December
New research predicts that December’s retail sales will reach £47.7bn, growing 4% when compared with last year when sales hit £45.8bn. According to global market research firm Mintel, sales through non-food retailers are expected to reach £23.5bn (including £4bn from online sales generated by physical stores), while food retailers could…
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14 NovemberHigh Street
London’s New Bond Street named ‘most expensive’ European high street
London’s New Bond Street has been named as the most expensive European shopping location for rental value and the third most globally. The ‘Main Streets Across the World’ report by global real estate services firm Cushman & Wakefield tracks 446 of the top retail streets around the globe, ranking the…
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12 NovemberAdvice
How high street retailers can make it as ‘bricks and clicks’ companies
Next year Amazon is set to celebrate its 25th birthday, although much of the high street won’t be joining the party, with an estimated 38,900 UK retail jobs being lost or affected this year alone. The roll call of businesses that have entered administration, from House of Fraser to Poundworld…
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9 NovemberComment
What does the Black Friday of the future have ‘in store’ for us?
Black Friday, a term which originated in the US and refers to the first shopping day after Thanksgiving, has become common parlance in recent years. The specific meaning behind the phrase is still a matter of debate, with theories ranging from “the first time retailers start to show a profit…
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9 NovemberHigh Street
October footfall ‘wobble’ sparks fresh concern for UK high street
October saw a 7.4% drop in UK store visits, the biggest year-on-year drop since July, while average weekly footfall was down 2.9% compared with September. According to Ipsos Retail Performance’s latest Retail Traffic Index (RTI) the areas with the highest decline in store visits were south west England and Wales,…
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8 NovemberAdvice
Preparing retail for what’s to come right up to and beyond Brexit
Next, one of the biggest British retail names, recently reported ‘better-than-expected’ quarterly results but raised a red flag on Brexit-related risks to its business and the industry as a whole. With threat of online competition already causing uncertainties, ambiguity around Brexit has added to the challenges keeping retailers alert. This…
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2 NovemberHigh Street
RSPH names Grimsby as ‘unhealthiest UK high street’
The Royal Society for Public Health (RSPH) has named Grimsby, North East Lincolnshire, as the ‘unhealthiest UK high street’. The announcement came after a league table published by the group ranked 70 of Britain’s major towns and cities by the impact of their high streets on the public’s health and…
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Oct- 2018 -30 OctoberHigh Street
Seasalt bucks high street woes with sales and profits increase
Cornish fashion brand, Seasalt, has recorded record turnover and improved margins, signalling the “continuing growth momentum in the business”. Turnover was up 23% on the previous year, at £51m, and is the ninth consecutive year of 20% increases in year-on-year sales growth, reflecting “continued rising demand” for the brand across…
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4 OctoberFeatures
Ten retailers defying high street blues in 2018
This year will likely go down in history as a turning point for high street retail in the UK, with a slew of firms going under, announcing job losses, store closures, or just going under completely. We have put together a list of those which, despite the blues, are making…
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4 OctoberAdvice
What is an administration pre-pack, and how might it affect retail suppliers?
2018 has been a difficult year for retailers: East, Maplin, New Look, Carpetright, Carphone Warehouse, Poundworld, Mothercare, Toys ‘R’ Us, House of Fraser, and Homebase have all stumbled to varying degrees. For House of Fraser, Mike Ashley (via his SportsDirect group) arrived as a ‘white knight’, using an administration pre-pack…
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