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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Jul- 2018 -23 JulyAdvice
Why Poundworld’s failure to differentiate from other discounters led to high street demise
Poundworld, which is set to disappear from the UK high street by early August 2018, must look to its own failures and in particular its failure to stand out from other discounters. It is easy to assume that the higher supply costs stemming from Brexit, ferocious competition amongst discounters and…
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23 JulyGovernment
Committee finds retailers ‘poor’ at regulating fur sales
The Environment, Food and Rural Affairs Committee has found that retailers, local authorities and Trading Standards have been “poor at enforcing regulations around the sale of real fur”, following its recent inquiry. The committee also said that Brexit would provide an opportunity for the UK to improve its system of…
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20 JulyEconomy
High street struggles drag sterling down to $1.30
The pound has been dragged down to $1.30 by declining high street footfall and the financial woes of a slew of retail brands. An increase in retail sales of 0.2% had been predicted by the Office for National Statistics (ONS), however statisticians were surprised by a fall of 0.5% in…
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17 JulyGovernment
Sir John Timpson to advise government on high street future
Sir John Timpson has been appointed to chair a panel of experts to advise on how to improve the future of the British high street by high streets minister Jake Berry MP. Along with the rest of the panel, the chairman of shoe repair and key cutting chain Timpson, will…
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16 JulyHigh Street
Footfall dips for seventh consecutive month despite World Cup boost
Retail footfall dipped for a seventh consecutive month in June, despite the boost in spending brought on by the World Cup. BRC’s Footfall Springboard and Vacancies Monitor reported that year-on-year footfall for the month dropped by 0.9% The high street was the only area that delivered footfall growth, albeit marginally,…
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12 JulyAdvice
The end of the high street as we know it?
A week doesn’t go by without another retailer hitting the headlines. M&S, Poundworld, Carphone Warehouse, Mothercare and House of Fraser have all recently announced store closures, rocking the already fragile high street. The dominance of online shopping has been cited by many as the reason for the closures, with…
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6 JulyEconomy
Retail sales fall for fifth consecutive month
Retail sales fell for the fifth month in a row in June, data from BDO’s High Street Sales Tracker has shown. Total in-store like-for-like sales were down 1.7% compared with last year, when the figures rose 1.3%. It is also the ninth consecutive month that sales growth figures have failed…
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5 JulyHigh Street
Primark defies high street strife with 6% sales boost
Budget fashion retailer Primark has reported a 6% increase in sales in the 40 weeks to 23 June compared with the previous year. Associated British Foods (ABF), which owns Primark, said growth was driven by increased retail selling space in the UK and abroad, and as a result of “better…
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2 JulyHigh Street
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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2 JulyAdvice
Why technology is the key to brand loyalty on the changing high street
Today’s newspapers are awash with daily stories of retailers having to transform their business models from yesteryear to stay afloat as our high streets evolve and customer habits and expectations change. Recent articles discussing the fate of Mothercare, Marks & Spencer and House of Fraser are just a few. No…
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