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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Apr- 2018 -19 AprilGovernment
Amazon and Not on the High Street condemned by MPs for mis-selling faux fur
Online retailers Amazon and Not on the High Street have been told they must do more to stop the sale of faur fur items which actually contain real fur. The Environment, Food and Rural Affairs Committee (EFRAC) launched an investigation in February, looking into UK retailers regarding the mis-selling of…
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16 AprilEconomy
High street collapse down to higher business rates, says Colliers
Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy. Ten of those have happened since the beginning of this year – in the last…
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12 AprilHigh Street
WHSmith profits dip as high street arm struggles
WHSmith has reported a dip in its profits for the six months ending February 28, as its high street trading profit fell by 6%. The company saw a 1% fall in group pre-tax profits to £82m down from £83m in 2017. However WHSmith’s 700 travel stores, located in airports, railways…
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11 AprilHigh Street
High street store openings at lowest level in seven years
New high street store openings have fallen to their lowest level since 2010, new research suggests. A report by retail location strategists Local Data Company (LDC) for PwC, which studied 500 town centres across the country, shows that the number of new stores opened on the UK high street feel…
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10 AprilHigh Street
Card Factory posts £14.6m drop in full-year profits
Card Factory has posted a £14.6m drop in its full-year profits which it has attributed to the weak pound and soaring wage costs. Pre-tax profits for the fiscal year ending January 31 were £72.6m, down 12.3% on the previous year. This is despite the card and gift retailer’s revenues increasing…
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6 AprilEconomy
UK retail sees second worst month on record for in-store sales
Like-for-like (LFL) in-store sales were down by 10.1% in the month of March, making it the second worst figures on record for UK retail. BDO’s High Street Sales Tracker report said the poor sales was largely attributed to the snowy weather. According to the business advisory firm’s records, the only…
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Mar- 2018 -20 MarchComment
Generation Z: The future of bricks-and-mortar?
Generation Z is often perceived as the age group ready to knock the final nail into the coffin of the High Street. Having lived throughout the largest technological boom in history, and spent a large chunk of their lives living vicariously through their phone, one could expect a complete disinterest…
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9 MarchHigh Street
Valentine’s Day sales fall for fifth year in a row
Valentine’s Day like-for-like in-store sales fell by -1.6% in February, according to the BDO High Street Sales Tracker. The poor performance comes from a weak benchmark of -2.2% for the same period last year and is a further blow to a struggling high street which has seen the collapse of…
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1 MarchHigh Street
Mother’s Day spending spree set to lift high street sales
Spending analysis from Liberis, a leading small business finance provider, has revealed that British shoppers are expected to shell out over £5bn in extra Mother’s Day spending compared to 2017. On average, Liberis predicts high street retailers’ card transactions will increase by 8% compared to a normal weekend. Florists are…
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1 MarchEconomy
Shoppers shun high street for online as January sees strongest growth since 2013
Online retail delivery order volumes were up 20.6% year-on-year in January, according to the latest data from the IMRG MetaPack UK Delivery Index. This was the strongest January growth for online order volumes since 2013. During the same period, footfall fell to its lowest January rate in five years –…
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